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General ledger journal entries for the transactions in the photo? 1. During the audit, the following errors were detected a. The sale made to Mr.

image text in transcribed General ledger journal entries for the transactions in the photo?
1. During the audit, the following errors were detected a. The sale made to Mr. Hope on April 10 was on account with terms of 3/10,n/30, FOB Shipping Point. Furthermore, it was subject to 8% sales taxes that was not included in sale price Company paid $100 for shipping the merchandise to Mr. Hope. Edit and correct the April 10 journal entry, b. On April 19th Mr. Hope paid for the above purchase that was not recorded by the company Make the necessary journal entry. c. The accountant failed to recognize and record the applicable payroll taxes when recorded the April payroll on April 25 (54,000). Applicable payroll tax rates were as follows: FICA Taxes 7.65% Federal Income Taxes 18.00% State Income Taxes 6.00% Federal Unemployment Taxes 0.80% State Unemployment Taxes 5.40% Edit and correct the April 25th journal entry d. On April 1" company entered into an 8-year lease agreement for a truck for company use. The lease requires payment of $800 at the end of each month for eight years. The truck's economic life is 10 years with no salvage value. Company's incremental borrowing rate is 3.75%. The accountant had failed to record this transaction. Make the necessary journal entry. In addition to journal entry, show the necessary computations including the schedule for amortization on Excel sheet entitled "Q-Computations. e. On April 30th, company had made the 1"payment for the lease, however, the accountant had failed to journalize the transaction. Make the necessary journal entry

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