Anil is a trader. The totals of the trial balance he prepared on 31 December 2020 did not agree. The debits exceeded the credits by $5140. The following errors were later discovered. 1 The sales account had been undercast by $7100. 2 Sales returns of $520 had been posted as a credit to the purchases account. The correct entry had been made in the customer's account. 3 Bank charges of $320 had been correctly entered in the cash book, but had not been entered in the bank charges account. 4 A cheque refund of $600 for insurance overpaid had been entered on the wrong side of the bank account and no entry had been made in the insurance account.

1. (a)Prepare journal entries to correct errors 1 to 4. Narratives are not required. Anil Journal Error number | Details | Debit $ | Credit $[12]
2. (b)Complete the suspense account. Anil Suspense account Date | Details | $ | Date | Details | $ Difference on trial balance | 5140[6]
3. (c)Name two types of error not disclosed by a trial balance. 1 2[2]