Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Test It em# Item Description 3:- E & 8' -1 Z 9.. 3 Boxes appear dusty, sales are 1 . noted as slow moving Pioneer

image text in transcribed
Test It em# Item Description 3:- E & 8' -1 Z 9.. 3 Boxes appear dusty, sales are 1 . noted as slow moving Pioneer Baking Powder 6 oz. NI Pioneer Fine Granulated Sugar, 4-lbs. 3 M Pioneer Bread Crumbs, Plain 12 oz. INJ Boxes appear dented, some damage noted. |_\\ Pioneer Pound Cake Mix, 15 oz. 5 Pioneer Baking Soda 10 oz. Ila-J Pioneer Balsamic Vinaigrette, 16 oz. 7 Pioneer Artichoke Hearts, 14 oz. M '0 Pioneer Coffee, Breakfast Blend, 12 oz. Instructions: ou are involved with the audit of Luke's General Store and have been asked to consider the results for the te he auditor's notes (above). Review the excerpt from the client's nal inventory list (top right). 1) For each audit test item above, select the proper action to be taken from the list of possible actions (at rig 2) Calculate the Audited Totals for each inventory items and Audit Differences [if any) in the area to the right 3) Propose the Adjusting Journal Entry for the audit difference total in the area provided {use lnventorv and Cost of Goods Sold accounts}

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Computer Accounting

Authors: Donna Kay

15th Edition

0077826841, 9780077826840

More Books

Students also viewed these Accounting questions

Question

3. Vary your pace and volume in speaking. Use silence for emphasis.

Answered: 1 week ago

Question

3. What values would you say are your core values?

Answered: 1 week ago