In the accounts of A Bottlebrush, a tax invoice for the sale of stock $385 ($350 +$35
Question:
In the accounts of A Bottlebrush, a tax invoice for the sale of stock $385 ($350 +$35 GST) to Glen Bawn was processed through the sales journal incorrectly as $836 ($760 + $76 GST). Control accounts are used.
You are required to correct this error in the accounts of A Bottlebrush by preparing:
a pro forma general journals showing:
i what the entry should have been ii what the erroneous entry was iii in general journal format, what the correction journal entry is b reversal and correcting general journals.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
Question Posted: