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pls anaysis this 3. Happiness Hotel is a service business. You have to deal with so many suppliers and customers every day. Sometimes your assistants
pls anaysis this
3. Happiness Hotel is a service business. You have to deal with so many suppliers and customers every day. Sometimes your assistants do not provide you with the necessary information to accurately record the day to day transactions. Here are some transactions that happened during February 3 February-received cash, 8,000$ from one of the customers, Modern Style Company. This customer has 4 or 9 outstanding invoices at a time from purchasing different services. Your assistants didn't have any information about the invoice for whom the receipt was. 4 February - you knew that the receipt was for invoice 4541#. 6 February - one of the suppliers, Perfect Maintenance Company delivered an invoice for 9,000$ of services which is payable in 30 days. Your assistants did not know which department will be charged with the invoice. 7 February - you knew that the invoice is for services delivered to purchases department. Requirements (3) - Journalize the previous transactions using suspense accounts and accurately reconcile these accounts by applying the appropriate methods, and explain the process taken to clear suspense accounts. - Explain the process taken to reconcile control accounts and clear suspense accounts Step by Step Solution
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