Jerry's trial balance failed to agree, and a suspense account was opened for the difference. The following errors were f

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Jerry S Trial Balance Failed To Agree And A Suspense Account Was Opened For The Difference The Following Errors Were F 1 (130.63 KiB) Viewed 39 times

Jerry's trial balance failed to agree, and a suspense account was opened for the difference. The following errors were found in Jerry's accounting records: I. In the recording the payment of a creditor, cheque paid of $3,300 was credited to the bank account as $3,000 II. Cash paid of $2,800 for plant repairs was correctly accounted for in the cash book but was credited to the plant asset account III. The petty cash book balance of $500 had been omitted from the trial balance IV. A chealse for $78,400 paid for the purchase of a motor car was debited to the motor vehicles account as $87,400 Which of the errors will require and entry to the suspense account to correct them? a. ll and III b. Tand IV O c. I, II and III only O d. 1, II, III and IV