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Part III Corrections Brown Company discovers that it made a mistake when it recorded a credit sale. It discovers the mistake on December 31, 2018.
Part III Corrections Brown Company discovers that it made a mistake when it recorded a credit sale. It discovers the mistake on December 31, 2018. This is what it had done: Debit $1,200,000 12-31-18 Accounts Receivable Credit Sales Revenue $1,200,000 When the company reviews the sales invoice, it discovers that the correct amount is $1,250,000 Please prepare the adjusting journal entry necessary to correct this mistake. debit credit 12-31-18
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