John did not keep sales or purchases ledger control accounts. His trial balance did not balance and a suspense account was opened. The following errors were discovered.
1 Sales of $200 had been entered as a credit in both a customer’s account and the sales account.
2 Purchases of $350 from J Brown had been entered as a credit in E Brown’s account.
3 Machinery repairs of $600 had been entered in the machinery at cost account.
4 Returns inwards of $450 had been entered in the sales returns account but omitted from the customer’s account.
What was the amount of opening balance on the suspense account?
1 )
$400
2 )
$500
3 )
$650
$850
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