QUESTION 3 NaijaFresh Supermarkets Limited operates a chain of retail outlets across Abuja, FCT. The bookkeeper extracted a trial balance as at 30 September 2023 which showed a difference of N63,800 (credit excess). This amount was placed in a suspense account. The following errors were subsequently discovered: (i) Cash sales of N28,000 had been entered correctly in the cash book but had been posted to the sales account as N82,000. (ii) A payment of N41,600 to Zenith Suppliers had been entered in the cash book but no entry was made in the purchases ledger. (iii) The sales day book had been overcast by N19,000. (iv) A receipt of N7,200 from a customer had been debited to the bank account and also debited to the customer's account in error. (v) Office stationery of N14,400 had been purchased on credit from Paperbag Nigeria Limited and was correctly recorded in the purchases day book total, but was posted to the debit of the stationery account as N41,400. Required: (a) For each error above, state: (i) The type of error; and (ii) Whether or not the error caused the trial balance to disagree. (6 marks) (b) Prepare journal entries (without narrations) to correct the errors that affect the suspense account. (6 marks) (c) Prepare the suspense account in ledger format, bringing down any unexplained balance. (6 marks) (d) Briefly explain the purpose of a suspense account and state TWO circumstances under which a suspense account may be opened in the books of NaijaFresh Supermarkets Limited. (4 marks) Total: 22 marks