QUESTION 4 Whilst preparing the trial balance, the bookkeeper finds it disagrees by RM1,084, with the debit being greater than the credit. The difference was entered in a suspense account. Upon details checking on the account, the following errors were found. i. A credit balance of RM124 showing the discount received account has been entered in the debit of the trial balance. ii. The sale of old office furniture for RM200 has been credited to the sales account iii. A cheque for RM64 for utility expenses was recorded in bank account but no record in utility account. iv. There is a debit in the rent account for RM154 which should be RM1,594. Debit of interest expense account is overcast by RM56. vi. Purchase of office equipment for RM600 has been debited in the purchases account by error. vii. Payment of RM18 for miscellaneous expenses has been entered in the cash account but not posted to the miscellaneous expenses account viii. A cash sale to Ah Choo of RM240 was entered in the sales account as RM24. ix. A cheque received from account receivable Chan for RM160 has been credited to account receivable Chin in error. An amount of RM34 paid for postage stamp has been entered in carriage outward. xi. Bank charges of RM82 had shown in bank account, but not in the expense account. V. X. Required: a. Show the correcting journal for the errors (11 marks) b. Prepare suspense account (9 marks)