Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Megaraptor Dealers employs a full-time bookkeeper. However, the bookkeeper fell ill and Nodo, the owner, approached you for assistance. He is unsure of how to

Megaraptor Dealers employs a full-time bookkeeper. However, the bookkeeper fell ill and

Nodo, the owner, approached you for assistance. He is unsure of how to post the subsidiary

journals into the general ledger accounts.

Nodo provides you with the following information extracted from the subsidiary journals for

August 2020. Megaraptor Dealers also needs your assistance with some of the information,

as Claudius is not sure what the amounts should be.

Cash Receipts Journal of Megaraptor Dealers for August 2020

Sundry

Bank Sales cost of sales debtors control amount details

? 56 980 40 700 51 198 11 112

Sundry

Bank inventory Creditors control amount details

97 467 68 116 ? 1245

Debtors control sales cost of sales

? 32 620 23 300

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

Students also viewed these Accounting questions