Neco Model Questions Vol1 2019 Financial Accounting Question 44

During posting, a clerk made the following mistakes:\n1. In the Purchases Journal a purchase of \(\N12,500\) was recorded as \(\N1,250\) (digit omitted).\n2. A sale of \(\N8,400\) that should have been credited to Sales was mistakenly recorded only as a debit to Purchases, with no corresponding credit entry.\n3. A cash receipt of \(\N5,600\) from a debtor was posted as a credit to Sales instead of a debit to Cash (the debit entry was omitted).\n4. A payment of \(\N3,200\) to a creditor was omitted entirely.\nAfter these errors the trial balance shows a debit excess of \(\N2,300\). Determine the amount that must be transferred to the Suspense Account to balance the trial balance and state whether the Suspense entry is a debit or a credit.