A business left out discounts allowed of $\$700$ from its trial balance. Over the year, a machine was sold for cash, $\$500$, but the only accounting record entered was a debit to the bank account. What is the balance on the suspense account before these errors are corrected?
- A$\$200$ debit
- B$\$1200$ debit
- C$\$200$ credit
- D$\$1200$ credit