0.11. A difference on the Trial Balance of Olobo Enterprise at 31st December, 1993 was resolved by opening a suspense account. The profit and loss account was then prepared and showed a profit of $12.600. The suspense account was included in the balance sheet to make it balance. 4 Share 142% = 9:18 AM 8/25/2020 - + H - Sign in TT Equation 2 Symbol- -- 9 Symbols 4 - O Text Header- Footer # Page Number Header & Footer Subsequent investigation disclosed the following: Tell me what you want to do Comment Comments Bookmark Cross-reference Link Links Picture Tools Format A O Online Video Media Help (a). A page of the sales day book totalling 576 had not been posted to the Sales Account (b). An accrual of rates 371 had not been taken account off. (C). A repayment of part of the loan from Yaw 300 had been entered on the loan interest account. (d). The petty cash balance had been included as 57 instead of 75. (e). A bad debt of 1 20 had been entered in the customers account but not in t'e expense account (6). Drawings 6200 had been entered in the Sundry Expenses Account. (g). An invoice for car repairs 380 had been entered in the wages account. (h). The rent received account balance 4600 had been entered on the wrong side of the Trial Balance and the profit and loss account. (1). Advertising account with a balance of 2,759 had been omitted all together. (). Closing stock had omitted some items valued at cost at 62,000. You are required to: Use the Journal entries to correct the errors through the suspense account. b. Prepare a statement showing the corrected amount of the profit . View M Review My Add-ins - Wikipedia Add-ins Get Add-ins accting - Word Mailings a. References Layout Shapes + Screenshot SmartArt Illustrations . Chart Pictures Design Insert Table ables Search Windows Home Page 5 of 6 words Cover Page Blank Page Page Break Pages 5 File 1