At the end of her financial year, Jasmine balanced her cash book and ledger accounts and made appropriate year-end transfers. Which statements are correct? 1 The debit balance on the account of a credit customer will be shown as an asset in the statement of financial position. 2 The debit balance on the bank column in the cash book will be shown as a liability in the statement of financial position. 3 The total of the discount received account will be included in the cost of sales in the income statement. 4 The total of the general expenses account will be deducted from gross profit in the income statement.