Question: 3b) Write journals to correct the following errors. These errors are suspense account errors. 1. A payment of 460 for rent is correctly entered in

 3b) Write journals to correct the following errors. These errors are

3b) Write journals to correct the following errors. These errors are suspense account errors. 1. A payment of 460 for rent is correctly entered in the cash book but debited to the rent account as 640 2. A payment of 1,200 for wages is correctly entered in the cash book but has not been recorded in the wages account. 3. In preparing the trial balance the credit balance of 8,000 for trade payables has been omitted. You are not required to include narrative

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!