In the accounts of P Toona, an account payable tax invoice for office equipment from G Heath

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In the accounts of P Toona, an account payable tax invoice for office equipment from G Heath for $8415 ($7650

+ $765 GST) was erroneously entered and processed in the purchases journal as $5148 ($4680 + $468 GST).

Subsidiary ledgers are used for creditors.

You are required to correct this error in the accounts of P Toona by preparing:

a pro forma general journals showing:

i what the entry should have been ii what the erroneous entry was iii in general journal format, what the correction journal entry is b reversal and correcting general journals.

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Accounting An Introduction To Principles And Practice

ISBN: 9780170403832

9th Edition

Authors: Edward A. Clarke, Michael Wilson

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Question Posted: Feb 23, 2024 03:00 PM

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In the accounts of P Toona, an account payable tax invoice for office equipment from G Heath

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a Pro forma general journal i What the entry should have been Date Account Titles ...View the full answer

Accounting An Introduction To Principles And Practice

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