Question: Find and correct the wrong part Exercise 1, p. 223 (Workbook Exercise) The exercise below. involving a journal, ledger, and trial balance, has errors in

Find and correct the wrong part Find and correct the wrong part Exercise 1, p. 223 (Workbook Exercise)

Exercise 1, p. 223 (Workbook Exercise) The exercise below. involving a journal, ledger, and trial balance, has errors in it. Locate and correct the errors and balance the trial balance. GENERAL JOURNAL PAGE 12 PARTICULARS P.R. DEBIT CREDIT DATE 20 4 Automobile GST Recoverable Bank AJP - Ace Finance Purchase of new car for $15 515 inch tax 41000 - IS15 - 205 6 Assume that $36 is correct GST Furniture GST Recoverable Bank Purchase of new desk for $936 incl. tax 936 - 7 A/R - A. Boyd Revenue GST Payable PST Payable Sale on account 0 Bank Revenue 210 GST Payable PST Payable Cash sale 220 510 215 Rent Expense GST Recoverable Bank Rent for the month 105 17419 15 505 Car Expense GST Recoverable Bank Car repairs paid by cash 122 Accounting Student Workbook Center

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!