At the end of a financial year, the debit balance on a trader’s sales ledger control account was $\$ 26800$. At the same date, his sales ledger balances totalled $\$ 30000$. He discovered the following.
1 A dishonoured cheque of $\$ 1000$ had been omitted from the sales ledger control account.
2 A sales ledger credit balance of $\$ 500$ had been listed as a debit balance.
3 The sales journal had been undercast by $\$ 1200$.
What was the amount of trade receivables to be included in the statement of financial position?
1 )
$\$ 26600$
$\$ 29000$
3 )
$\$ 29500$
4 )
$\$ 31000{\text{ }}$
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