Reference no: EM132885540

The difference on the trial balance in the records of The Village bakery was entered into a suspense account. The following errors have since been found:

(i) The purchases day book was totalled as £214,300, but it should have been £213,400. (ii) £700 paid to Paul Mason had not been entered into his supplier account.
(iii) £630 paid for advertising was omitted from the advertising account in the general ledger.
(iv) £250 paid for stationery was posted to the office equipment account.
(v) £2,000 received from Mary Rover was posted to the debit side of her customer account.
(vi) A sale of £2,450 to Hans Durling was recorded as £4,250 and posted to Hamish Durling's account.

Note: Sales and purchases ledger control accounts are not maintained in the general ledger.

Required:

Problem 1: Identify which ledger accounts would need to be debited and credited and with how much in order to correct each of these errors.

Problem 2: Calculate the difference on the trial balance entered into a suspense account, assuming that the correction of these errors eliminates that whole balance.