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Michael is an accountant for Jungle Gym for Kids. Families can purchase memberships for $15 per child per month. Michael received a stack of receipts
Michael is an accountant for Jungle Gym for Kids. Families can purchase memberships for $15 per child per month. Michael received a stack of receipts for new memberships, and in his recording process he failed to enter one of the receipts in the journal. What do you think will happen when Michael transfers the journal entries to the ledger? Select answer from the options below Michael will likely not notice his mistake. Michael will find that the debits and credits are not equal and he will correct his mistake. Michael will find the missing receipt and enter the transaction directly in the ledger. Michael will notice that the balance of the Cash account does not equal the balance in the company's chequing account, and he will correct his mistake
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