Question: Exercise 3 (1 mark) You are employed to investigate whether any accrual entries are needed in the business Services. On completion of your investigation on
Exercise 3 (1 mark) You are employed to investigate whether any accrual entries are needed in the business Services. On completion of your investigation on 30 June, yo item needs attention: of XYZ have discovered that the following Employee salaries owned but not recorded, $ 9, 200 Prepare the adjusting entry in the General Journal for this item at the end of accounting period. Exercise 4 (I mark) Machinery is purchased on credit on 15 May 2011 for $30 000 plus GST. What should be the general journal entry to record this transaction
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