1. Prepare the correcting entry for this error I cannot figure out - Appendix A (4 marks)

Note from Miranda: I have not had time to review all of the invoices that we received before you started, and the one below in particular has been troublesome and I cannot figure out why. I recorded the entry as you would expect based on the invoiced amount and we paid Planters cash for the total. Can you please help me identify what is wrong with the invoice and provide the correcting entry?

INVOICE #10555 Planters Potting Mix Vancouver, BC 250 - 555 - 7888 2021-12-05 BILL TO FOR Plants of Paradise Victoria, BC 250 - 555 - 5588 Details AMOUNT Potting Mix (8 bags x 59.99) $479.92 Fertilizer (2 pallet x 199.99) $399.98 Lawn Ornaments, assorted (10 x 22.19) $1,109.50 Description Amount SUBTOTAL $1,989.40 TAX RATE 5.00% OTHER $0.00 TOTAL $2,088.87 THANK YOU FOR YOUR BUSINESS! Potting Mix If you have any questions concerning this invoice, use the following contact information: Planters Potting Mix Make all checks payable to Planters Potting Mix

Please provide an explanation of what the error was including the amount if necessary?

Please prepare the journal entry, if required, if not please explain why?

Journal Entry Template: note please ignore account numbers as none have been provided.

Entry #	Date	Description	Account Name	Debit or Credit	Amount