Question
on dec 12 2018 land costing 120000 was sold for 105000. the total of the sale proceeds was credited to land account. 1. prepare journal
on dec 12 2018 land costing 120000 was sold for 105000. the total of the sale proceeds was credited to land account. 1. prepare journal entry to correct error assuming it is discovered before the books are adjusted or closed in 2018. 2. prepare Journal entry to correct the error assuming not discovered until early 2019 after books were closed.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Lorena Mitrione, Michaela Rankin, Keryn Chalmers, Paul D. Kimmel
3rd Edition
0730302296, 978-0730302292
