Economics · Accounting and Trial Balance

A business maintains its trade payables in a general ledger control account and a separate memorandum payables ledger. On extracting a trial balance, a suspense account was opened with a credit balance of $1,400. The following errors were then discovered: 1. The purchase day book was undercast by $500. 2. A credit note received from a supplier for $150 was correctly entered in the purchase returns day book but was posted to the debit side of the supplier's memorandum account and the debit side of the trade payables control account. 3. A cash payment of $750 to a supplier was correctly recorded in the cash book but omitted from the payables control account. What is the revised balance on the suspense account?