The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows:

Account Title Debits Credits
Accounts payable 90,000
Accounts receivable 170,000
Accumulated depreciation – equipment 260,000
Common stock 490,000
Cash 26,000
Cost of goods sold 480,000
Depreciation expense 60,000
Equipment 700,000
Interest expense 4,000
Inventory 150,000
Note payable (due in six months) 60,000
Rent expense 30,000
Retained earnings 62,000
Salaries payable 8,000
Sales revenue 770,000
Salaries expense 120,000

Assuming no income taxes, compute the Kline's 12/31/16 total current assets:

Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000.  ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account.  iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620.  iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account.  v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books.    required: 1. prepare the journal entries to correct the errors.  (narrations required)                    14.5 marks  2.    prepare the suspense account showing clearly the original trial balance error.          8 marks