The following information is relevant for questions 9 and 10 A company’s draft financial statements for 2005 showed a profit of $630,000. However, the trial balance did not agree, and a suspense account appeared in the company’s draft balance sheet. Subsequent checking revealed the following errors: (1) The cost of an item of plant $48,000 had been entered in the cash book and in the plant account as $4,800. Depreciation at the rate of 10% per year ($480) had been charged. (2) Bank charges of $440 appeared in the bank statement in December 2005 but had not been entered in the company’s records. (3) One of the directors of the company paid $800 due to a supplier in the company’s payables ledger by a personal cheque. The bookkeeper recorded a debit in the supplier’s ledger account but did not complete the double entry for the transaction. (The company does not maintain a payables ledger control account). (4) The payments side of the cash book had been understated by $10,000. 9 Which of the above items would require an entry to the suspense account in correcting them? A All four items