Question: Problem 2 0 - 1 5 ( Statk ) Correction of errors; slx errors [ LO 2 0 - 6 ] Conras Pipground Supply underwent
Problem Statk Correction of errors; slx errors LO
Conras Pipground Supply underwent a restuctiring in The compery conducted a thorough internal audt, daring which the following fects were ilscovered. The sudt occured ouring Betore ary adjunting ertries or clowing entries are prepwed.
Adotional computers were acquined af the begining of and added to the company's oflloe neteork. The cont of the computers was hodverfiently recorded as maintenssce expense. Computens hwe five pear usetul lies and no material wavage value. This ciass of equipmert in depreciated by the slisignt ine method. enor was discevered a week lintec. compsyy uses the periodic lmentory syitem.
Two yeers ewties, the cenpesy recerded a stock ovidend common ahwes, $ pel an follow:
tableAckourt Napar,tetir,cretilnarningtableStanusHEat
The whares has a market price af the Sme of t peer shave.
tableActener Ban,Eatir,cratilmitrath, petide,cainlay inturance esperse at the bine.
Aequired:
Notac if no entry is required for a transactionwent wetect No jowinal entry required" in the first account fleld.
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