QUESTIONS: Errors and Suspense Accounts

: The trial balance is overstated by 930 on the credit side .

The following errors have been identified :

1. A loan received by bank transfer of 8,000 was recorded as 800 in both relevant accounts .

2. Bank charges of 600 were entered on the wrong side of the bank charges account .

3. A wages payment of 3,850 was recorded on the credit side of the bank account as 3,580 .

Part A: Identify which transaction does not affect the suspense account.

Part B: Write the journal entry to correct the transaction identified in part A above.

Part C:Write up the suspense account to correct the remaining errors .