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capacitantes #6. El estudiante registrar correcciones de errores contables. (Shows computations and references are required) Lind Company's auditor discovered two errors. No errors were corrected

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capacitantes #6. El estudiante registrar correcciones de errores contables. (Shows computations and references are required) Lind Company's auditor discovered two errors. No errors were corrected during 2017. The errors are described as follows: (1) Merchandise costing $4,000 was sold to a customer for $9,000 on December 31, 2017, but it was recorded as a sale on January 2, 2018. The merchandise was properly excluded from the 2014 ending inventory. Assume the periodic inventory system is u (2) A machine with a 5-year life was purchased on January 1. 2016. The machine cost $20,000 and has no expected salvage value. No depreciation was taken in 2016 or 2017. Assume the straight-line method for depreciation. Required: Prepare appropriate journal entries (ssume the 2017 books have not been closed). Ignore income taxes. DEBIT CREDIT

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