A business has the following information. The balance in its purchases ledger control account stood at $5900. The combined balances in the purchases ledger were $5510. These errors were then found. 1 The total in the purchases journal had been overstated by $250. 2 A sales ledger contra of $340 was not included in the purchases ledger control account. 3 A supplier received $400, which was entered correctly in the cash book, but only $200 was posted to the supplier’s account. What is the correct value of trade payables?
- A$5110
- B$5250
- C$5310
- D$5510