On 1 April 2014, Yee's sales ledger control account showed the following balances: $20450 debit and $600 credit. During April the following transactions were recorded: Credit sales $50500 Cash sales $10000 Returns from credit customers $700 Receipts from credit customers $48600 Refunds to credit customers $750 Discount allowed $1200 Bad debt written off $800 On 1 May 2014, Yee's sales ledger control account showed a credit balance of $180. The debit balance is to be determined. REQUIRED

1. (a)Prepare the sales ledger control account for the month of April 2014. Balance the account and bring down the balances. Sales ledger control account Date Details $ Date Details $[7]
2. (b)On inspection of her ledger, Yee discovered the following errors: 1 A cheque received from D Moy, $450, had been posted to the account of D Kay. 2 An invoice for goods received from G Fallen, costing $790, had been recorded in the purchases journal as $970. 3 Discount received, $45, had been debited to the discount received account and credited to F Tay. 4 Repairs to fixtures and fittings, $800, had been recorded in the fixtures and fittings account. REQUIRED Prepare the journal entries to correct the errors in 1 to 4 above. Narratives are not required. Journal Dr $ Cr $[8]
3. (c)Complete the following table to name the type of error in 1 to 4 on the previous page. The first item has been completed as an example. Type of error 1 A cheque received from D Moy, $450, had been posted to the account of D Kay. Commission 2 An invoice for goods received, costing $790, had been recorded in the purchases journal as $970. 3 Discount received, $45, had been debited to the discount received account and credited to F Tay. 4 Repairs to fixtures and fittings, $800, had been recorded in the fixtures and fittings account.[3]
4. (d)State two reasons why a suspense account would be used. 1 2[2]