Give the journal entries needed to record the corrections of the following. Narratives are not required.
Give the journal entries needed to record the corrections of the following. Narratives are not required.
(a) Extra capital of £12,000 paid into the bank had been credited to Sales account.
(b) Goods taken for own use £140 had been debited to Sundry Expenses.
(c) Private rent £740 had been debited to the Rent account.
(d) A purchase of goods from F. Smith £530 had been entered in the books as £350.
(e) Cash banked £620 had been credited to the bank column and debited to the cash column in the cash book.
(f) Cash drawings of £270 had been credited to the bank column of the cash book.
(g) Returns inwards £205 from N. Sturgeon had been entered in error in G. Milne's account,
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(h) A sale of an old printer for £70 had been credited to Office Expenses.
Answers
Status NEW
Posted 09 Jun 2017 07:06 AM
My Price 6.00
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file 1496994310-2112539_1_636324962345704800_Accounting-error-corrections.xlsx preview (148 words )
21-----------125-----------39&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------511-----------676-----------Cor-----------rec-----------tin-----------g E-----------ntr-----------ies-----------Giv-----------e t-----------he -----------jou-----------rna-----------l e-----------ntr-----------ies----------- ne-----------ede-----------d t-----------o r-----------eco-----------rd -----------the----------- co-----------rre-----------cti-----------ons----------- of----------- th-----------e f-----------oll-----------owi-----------ng.----------- Na-----------rra-----------tiv-----------es -----------are----------- no-----------t r-----------equ-----------ire-----------d.(-----------a) -----------Ext-----------ra -----------cap-----------ita-----------l o-----------f Â-----------£2,-----------000----------- pa-----------id -----------int-----------o t-----------he -----------ban-----------k h-----------ad -----------bee-----------n c-----------red-----------ite-----------d t-----------o S-----------ale-----------s a-----------cco-----------unt-----------.(b-----------) G-----------ood-----------s t-----------ake-----------n f-----------or -----------own----------- us-----------e Â-----------£14-----------0 h-----------ad -----------bee-----------n d-----------ebi-----------ted----------- to----------- Su-----------ndr-----------y E-----------xpe-----------nse-----------s.(-----------c) -----------Pri-----------vat-----------e r-----------ent----------- £-----------740----------- ha-----------d b-----------een----------- de-----------bit-----------ed -----------to -----------the----------- Re-----------nt -----------acc-----------oun-----------t.(-----------d) -----------A p-----------urc-----------has-----------e o-----------f g-----------ood-----------s f-----------rom----------- F.----------- Sm-----------ith----------- £-----------530----------- ha-----------d b-----------een----------- en-----------ter-----------ed -----------in -----------the-----------
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