Your organisation has received a statement of account from one of its suppliers, showing an outstanding balance

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Your organisation has received a statement of account from one of its suppliers, showing an outstanding balance due to them of $1,350. On comparison with your ledger account, the following is determined: • your ledger account shows a credit balance of $260; • the supplier has disallowed cash discount of $80 due to late payment of an invoice; • the supplier has not yet allowed for goods returned at the end of the period of $270; • cash in transit of $830 has not been received by the supplier. Following consideration of these items, the unreconciled difference between the two records is: $………

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