You are assisting in the preparation of the 31 December 2011 year-end accounts of Tofiq & Company. The balance on the trade payables account is £45 505. You have noted the following irregularities in the accounting records:

a. An invoice from a supplier for £739 has been entirely omitted.

b. A credit memo received from a supplier for £266 was entered as an invoice.

c. No entries have been made in respect of an agreement to offset a credit balance of £864 in the payables ledger against a debit balance in the receivables ledger.

d. Payments to a supplier totaling £1800 have not been recorded.

e. A payment of £17 500 was made to settle a balance of £17 585. The difference between the two amounts has not been recorded.

f. A payment of £340 to a supplier was recorded as £430.

Required:

Make the necessary entries to correct these errors. What amount should the payables account be? [ACCA adapted]