Which of the following errors will be revealed by the preparation of a Trial Balance?

A junior accountant at Sirius Co recorded a payment of $5,850 to modify a machine (making it 50% more productive, which qualifies as capital expenditure) by correctly crediting the bank account but posting the debit entry to a suspense account. What is the correct journal entry to clear the suspense account?

Which of the following statements accurately describe the limitations of a trial balance? 1. It does not identify all errors of commission. 2. It does not include typical year-end adjustments like closing inventory or depreciation directly in its pre-adjusted form. 3. It cannot reveal if a transaction was recorded at the wrong monetary amount in both the debit and credit accounts.