Question Three: Part (A) The bookkeeper of Nancy Ltd. extracted a trail balance on 31 December 2012 which failed to agree by 400, a shorta opened to reflect the difference. ge on the credit side of the trial balance. Consequently, a suspense account was In January 2013 the following errors made in 2012 were found: (i) (ii) Til) (iv) (v) Rent account had been undercast by 200. Sales day book has been undercast by 300. Sales of 500 to T. Ball had been debited in error to T. Bell account. Discounts allowed account had been overcast by 50. The sale of a computer at net book value had been credited in error to the sales account 400. Purchase day book had been overcast by 120. Discount received account had been undercast by 75 (vi) (Vii) (vii) Bank interest income had been undercast by 55. You are required to: (a) Show the journal entries to correct the errors. (b) Draw up the suspense account after the errors described have been corrected. (7 marks) (8 marks)