Andrew King and Fraser Thomson are in partnership running Bennarty Bikes. They have discovered that their Trial Balance as at 30 April failed to agree. The Debit column totalled 5,980 and the Credit column totalled 6,090. On checking the ledger accounts, the following errors were discovered. (1) An entry for 200 had been entered twice in the Sales account. (2) Rent received of 340 had been correctly entered in the Bank account but had been entered on the wrong side of the Rent Received account. (3) An invoice received from A Law for 140 (excluding VAT) had been omitted from the Purchases account only. (4) 450 was withdrawn by Fraser Thomson for his own use. This was only recorded in the Bank account. (a) (i) (ii) Open the account which will allow the Trial Balance to agree. Make the entries in this account only to correct the above errors. (b) The partners in Bennarty Bikes have been discussing the future of their business. Andrew King suggested their business should become a plc. Outline 2 advantages and 2 disadvantages of this move to the partners. (c) Explain why a Bank account can have either a Debit or Credit balance in the Trial Balance.