Question: Correcting the Trial Balance: Alpha failed to record two transactions that should have been recorded: (a) a payment of cash of $1,000 to satisfy an
Correcting the Trial Balance: Alpha failed to record two transactions that should have been recorded: (a) a payment of cash of $1,000 to satisfy an account payable and (b) a $5,000 credit sale using the perpetual inventory system with a 30% gross profit percent. Ignore any AJEs. What corrections, if any, should be made to the trial balance
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