Angostura Tanduay calculated that his profit for the year was $$65,285.$  His Trial Balance Debit total was $ $212000$ and the credit total was $ $295000$

He then found the following errors:

$1.$  A sale of goods $ $22000$ to Zacapa Bumbu, a trader, was recorded corrected in the sales account but debited twice to Zacapa Bumbu$’$s account.

$2.$  the entry for depreciation $ $4200$ was made correctly in the accumulated depreciation account, and was entered on the wrong side of the depreciation expense account.

$3.$  Stationery bought on credit from Imperial Blue for $$14300$ but recorded it as $$31400$ in the books

What would be balance on the Suspense Account after he corrected the errors above?

Answer rating: 100% (QA)

Calculating the Suspense Account Balance after Corrections Heres how to find the balance in the Susp... View the full answer