Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.The bookkeeper of Floore Company records credit sales in a sales journal and returns in a general journal. The bookkeeper did the following: -Recorded an$18

1.The bookkeeper of Floore Company records credit sales in a sales journal and returns in a general journal. The bookkeeper did the following:

-Recorded an$18 credit sale as $180 in the sales journal

-Correctly recorded a $40 sale in the sales journal but posted it to B. Blue's account as $400 in the accounts receivable ledger

-Made an addition error in determining the balance of J. B. Window Co. in the accounts receivable ledger.

-Posted a sales return that was recorded in the general journal to the sales returns and allowances account and the account receivable account but forgot to record it to the B. Katz Co.

-Added the total of the sales column incorrectly.

-Posted a sales return to the account receivable account but not to the sales returns and allowances account. Accounts receivable ledger was recorded correctly.

could you inform the book keeper in writing as to when each error will be discovered?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Advanced Accounting

Authors: Joe Hoyle

4th Edition

78136636, 978-0078136634

More Books

Students also viewed these Accounting questions

Question

2. It is the results achieved that are important.

Answered: 1 week ago