Mandy’s trial balance did not balance. The $620 difference was entered into a suspense account. In the trial balance, the suspense account’s balance appeared on the debit side. Which error had led to the difference?
- ADiscounts allowed of $310 had been credited to the discount received account.
- BDiscounts received of $310 had been credited to the discount allowed account.
- CThe value of closing inventory had been overstated by $620.
- DThe value of closing inventory had been understated by $620.