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4. Hafo's financial year ends on 31 March. The trial balance prepared on 31 March 2021 showed a shortage on the credit side of N$880.
4. Hafo's financial year ends on 31 March. The trial balance prepared on 31 March 2021 showed a shortage on the credit side of N$880. Hafo entered this in a suspense account. The following errors were later discovered. 1. Purchases on credit, N$495, from Joey, were entered in the books as N$594. 2. Cash sales of N$310 were entered only in the cash book. 3. An invoice from Vende Schartz for N$920 had not been entered in Schartz' account. 4. An EFT received from Frans, N$420, was correctly entered in Frans' account but entered on the wrong side of the cash book. 5. The creditors returns journal was understated by N$100. 6. An amount of N$760 owed by S. Poulton, a debtor, has been erroneously written off as irrecoverable. 7. Drawings of goods, N$510, were correctly entered in the drawings account, but credited to the cash book. 8. The telephone account was overcast by N$300. 9. Transport cost, N$560, were correctly entered in the cash book but posted to the carriage inwards account as N$650. REQUIRED (a) Write up the suspense account as it would appear after all the corrections had been
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