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You were just hired by Bertha's Bakery as their new accountant. Bertha Beckendorf, the owner, provided you with copies of invoices for the year for
You were just hired by Bertha's Bakery as their new accountant. Bertha Beckendorf, the owner, provided you with copies of invoices for the year for baking supplies (assume all baking supplies are used up the day they are delivered). You noticed that one particular invoice from Fred's Flour was for a delivery of flour made to the Bakery on December 29,2013, but is not due until January 10, 2014. There was no accrual of this expense in the Bakery's December 31, 2013 Trial Balance. Write a Business Memo in proper format to Bertha Beckendorf explaining how the invoice should be accounted for and why
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