When preparing the financial statements for the year the following errors are discovered.
1 No provision had been made for accrued wages of $250.
2 No account had been taken of prepaid rent of $400.
3 The sales journal was undercast by $300.
The draft profit for the year is $8050.
What will be the profit when the errors are corrected?
1 )
$8100
$8500
3 )
$8750
4 )
$9000
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