If a trial balance does not balance, a mistake must have been made somewhere. Inserting a suspense account into the trial balance to make it balance ensures that the problem that the problem is not ignored. For example, the following balances were extracted from the nominal ledger of H\&M. This does not solve the problem; it merely highlights it. The errors giving rise to the imbalance will now need to be corrected, which should reduce the suspense account balance to zero. The following errors were discovered. (i) A transposition error was made when recording in the Sales Account. The correct figure was entered in the Trade Receivable account as $8,132, However, it was posted to the Sales Account as $1,832. (ii) The Balance on the electricity account was incorrectly copied in the trial balance. It should have read $615. (iii) A mistake was made when casting the purchases account. It should have been $77,356. You are required to: (i) The journal entries to correct the errors. (ii) Prepare the Suspense Account to clear out the errors. (iii) Prepare a new trial balance