Recorded a $ 4 , 5 0 0 purchase of merchandise that actually applies to next year.
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Question:
Recorded a $ purchase of merchandise that actually applies to next year.
Accrued $ of interest revenue that actually applies to next year.
Failed to accrue wages of $
Purchased a two year insurance policy for $ and incorrectly expensed the full amount.
Received a $ prepayment for future services, and incorrectly recorded it as revenue.
Required:
Prepare the journal entries necessary to make these corrections.
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date: