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- April 26, 2024 at 9:40 am #704570
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 creditCan you detail why the suspense account $3000 Credit?
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