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2.18 Preparing a worksheet. The closing balance sheet items are given below for Jason Woodstock in accounting equation form as at 30 June 20XX. Transactions

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2.18 Preparing a worksheet. The closing balance sheet items are given below for Jason Woodstock in accounting equation form as at 30 June 20XX. Transactions for the following month of July are also given. Transactions for July 2018 were as follows: July 2 Received $2800 from accounts recelvable. 3 Paid $1000 of acoounts payable. 4 Paid rent for July $700. 5 Sent invoice to customer $5600. 7 Purchased office equipment for cash $2000. 9 Recorded cash sales $800. 10 Recorded credit sales $1500. 14 Purchased office supplies for cash $330. 23 Cash sales \$2000. 31 Drawings by Jason Woodstock $800. Required a. Prepare worksheet entries for the business transactions for the month ended 31 July 20XX. b. Prepare an income statement for the month ended 31 July 20xX c. Prepare a balance sheet as at 31 July 20xx d. At the end of July, Jason realised that the customer invoice sent on 5 July was recorded incorrectly. The correct amount should be $6500. Explain what type of error Jason made and explain the impact of this error on the balance sheet and the statement of profit or loss

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