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Theavyvatanak

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  • April 26, 2024 at 9:40 am #704570
    mysteryTheavyvatanak
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    Hello sir , This is the correct one

    When Nicola extracted her trial balance , the total of the debit balances exceeded the total of the credit balances by $1000. she opened a suspense account to make the two totals equal. She then discovered that an invoice received for property repairs for $1500 was entered as $ 500 on the credit side of the property repairs account.

    What is the revised balance on the suspense account when Nicola corrects this error?
    A.$ Nil
    B $2000 debit
    C.$2000 credit
    D.$3000 credit

    Can you detail why the suspense account $3000 Credit?

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