$)$

At $31$ October the balance on the payables control account in Mark's general ledger is

$$79,850$ and the total of the list of balances on the personal accounts is $$79,310.$ Mark has

discovered that the difference is because a payment for $$60$ was entered correctly in the day

book but was recorded as $$600$ on the supplier's account.

Required:

Calculate the correct value of creditors to be reported on Mark statement of financial

position at $31$ October.

$(10$ marks$)$