In December 2012, the company paid $1,800 for insurance for the first six months of 2013. This
Question:
(1) The error was found in August 2013 after the 2012 books had been closed
(2) The error was found in August 2014 after the 2013 books had been closed. Ignore income taxes.
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1 Insurance Expense 1800 Retained Earnings 1800 2 No correcting entry is necessa...View the full answer
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Tarique Anwar Khan
I am teaching in an engineering college from last 7 years.
I was in Shivneri polytechnic Junnar from 2013 to 2014. then i have joined to MMANTC, Malegaon as an assistant professor in department of mechanical engineering in 2014 and currently working there.
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