Raymond, a dealer in motor spares, received a statement from his supplier Sedan plc requesting the balance to be paid as £179,500, whereas Raymond’s own Trade payables ledger shows that £98,440 was owed. Inquiries reveal:

(a) A remittance of £45,000 by Raymond is still to be received by Sedan

(b) Raymond is yet to receive an invoice for £32,500 from Sedan

(c) Raymond is not aware that Sedan has refused a cash discount of £560 because the cheque did not reach him within the stipulated time How much is the discrepancy remaining to be investigated?

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a £3,000 b £3,560 C c £4,120 d £12,500