SECTION B Instruction: Complete ALL questions from this section. Question 1 1. Natanya Murray operates a Nursery in her district and has been having difficulties preparing her accounts for the year-end financial statements. The Trial Balance did not balance as the debits have exceeded the credits by $1780. A Suspense Account was open for the difference. The following errors were found after closer inspection: The Purchases Day Book had been overcast by $1100 i. $2350 received from the sale of old fumiture had been entered in the Sales Account. iii. A cheque $1950 from T. Cruise was accidentally credited to T. Crane's account. iv. A private purchase of $2400 had been included in the business purchases. V. Bank charges of $1220 entered in the Cash Book have not been posted to the Bank Charges Account. vi. A sale of goods to S. Black for $2300 was correctly entered in the Sales Day Book but entered in the personal account as $4200. Required: A. Explain FOUR (4) types of errors that will cause the Trial Balance totals not to balance. (2 marks) . Write up the Suspense Account to clear the difference, (3 marks) Show the journal entries necessary to correct the errors (narrations not required). (9 marks) D The net profit previously calculated for the year was $29 500. Show your calculations of the corrected net profit. (6 marks) (Total 20 marks)