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?