Question: please explain answer Multiple Choice 1 point possible (graded) A company has made these two errors in the trial balance: 1. Both entries in relation

please explain answer Multiple Choice 1 point possible (graded) A company

please explain answer

Multiple Choice 1 point possible (graded) A company has made these two errors in the trial balance: 1. Both entries in relation to a cash purchase of $298 were posted as debits. 2. The credit entry in relation to cash taken as drawings was posted as $796 rather than $769. Which of the following must have been the suspense account balance prior to the correction of these errors? CR $271 CR $569 DR $569 DR $271 Explanation Suspense TB 569 Purch 596 Cash 27 3,697 596 596

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