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question: the journal entries required to correct the errors below You are the accountant for Cakes & Cakes. By reviewing the trial balance for June

question: the journal entries required to correct the errors below
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You are the accountant for Cakes \& Cakes. By reviewing the trial balance for June 30,2022 you notice the debit side totaled $50,000 while the credit side totaled $54,000. You decided to investigate and the following errors were found: 1. A credit sale of goods amounting to $3,000 to Suga \& Spice was debited to the account of Suga \& Nice. 2. A payment of $5,400 made for Telephone had been debited to the Telephone expense account as $340. 3. The sales journal had been understated by $10,260 4. The purchases journal had been understated by $10,000 5. The returns outwards joumal had been understated by $800 6. A Water Cooler machine sold for $20,000 had been credited to the Sales Account

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