Two Connie Francis is the owner of The Jetsetter an organic health food store. The firm's trial balance failed to agree, and the difference was posted to a suspense account. The Income Statement then showed a net loss $77,250. A subsequent audit revealed the following accounting errors a) The Closing Stock valued at $44,500 was taken as $64,500 b) Cash payment of $22,500 for office expenses was correctly posted in the cash account but was not posted in the expense account c) The Opening Stock valued at $55,000 was taken as $95,000 d) Building repairs paid for $70,000 by cheque was not recorded in the books e) The loan repayment of $25,000 was paid by cheque and correctly posted in the cashbook, but was debited to the loan interest account f) An invoice for credit sales of $70,000 was posted in the sales account but was not posted in the sales ledger account g) Rent expense of $30,000 paid by cheque was recorded as Dr Bank 30,000 and Cr Rent expense $30,000 h) New machinery costing $80,000 purchased by cheque was corrected recorded in the cashbook, but was Debited to the Machinery Repairs account