Remaining Suspense after correction of errors (video below)

The trial balance of Z failed to agree, the totals being:	debit $209,050
	credit $204,925

A suspense account was opened for the amount of the difference and the following errors were found and corrected:

1. The totals of the cash discount columns in the cash book had not been posted to the discount accounts. The figures were discount allowed $975 and discount received $1,275.
2. A cheque for $4,750 received from a customer was correctly entered in the cash book but was posted to the control account as $2,275.

What will be the remaining balance on the suspense be after the correction of these errors?

1/

Suspense Account

Dr. Suspense Account…. ……………….975

Cr. AR………………………………………………………..…975

Dr. AP…………………………………………. 1,275

Cr. Suspense Account……………………………….1,275

Adjusting Entry

Dr. discount allowed……………………975

Cr. Suspense Account……………………………….. 975

Dr. Suspense Account…………………1,275

Cr. Discount received………………………………1,275

2/

Suspense Account

Dr. Cash…………………………………….. 4,750

Cr. AR…………………………………………………………. 2,275

Cr. Suspense Account…………………………………2,475

Adjusting Entry

Dr. Suspense Account………………2,475

Cr. AR………………………………………………………….. 2,475

Answer

Suspense account	$
Opening balance(credit $204,925-debit $209,050)	4,125	credit
Discount allowed	975	credit
Discount received)	(1,275)	debit
Transposition of cash received	(2,475)	debit
Remaining balance on the suspense	1,350	credit

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