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Angostura Tanduay calculated that his profit for the year was $65,285. His Trial Balance Debit total was $212 000 and the credit total was $295
Angostura Tanduay calculated that his profit for the year was $65,285. His Trial Balance Debit total was $212 000 and the credit total was $295 000 He then found the following errors: 1. A sale of goods $ 22 000 to Zacapa Bumbu, a trader, was recorded corrected in the sales account but debited twice to Zacapa Bumbu's account. 2. the entry for depreciation $4 200 was made correctly in the accumulated depreciation account, and was entered on the wrong side of the depreciation expense account. 3. Stationery bought on credit from Imperial Blue for $14 300 but recorded it as $31 400 in the books The journal entries to correct error at 3. Would be: O a. Dr Imperial Blue 17 100 O b. Dr Stationery 17 100 OC. Dr Stationery 14 300 O d. Dr Stationery 31 400 Cr Stationery 17 100 Cr Imperial Blue 17 100 Cr Imperial Blue 14 300 Cr Imperial Blue 31 400)
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