journal entries correct

1) Goods amounting to $6500 have been returned and taken to the stock. However no entry has been made for the transaction.

2) stock of a third party stored in the compan's warehouse is included in the closing stock at a value of $72000.

4) bank interest expenses amounting to $2700 appears in the cash book but has not been posted to the general ledger.

a)prepare journal entries to correct the errors.

thx!!

更新:

fixed assets - cost 250000

- provision for depreciation 74500

stock, at cost 130000

更新 2:

it is trial balances ( stock)

更新 3:

我想問下第1條 , 點解Dr Sale

同第4條 , 點解關depreciation事?? thx

1 個解答

評分
  • 1 十年 前
    最佳解答

    1)

    Dr. Returns inwards

    Cr. Trading (closing stock)

    Dr. Sales

    Cr. Debtors

    2)

    Dr. Trading ( closing stock)

    Cr. Suspense

    4)

    Dr. Bank interest expenses

    Cr. Cash

    Dr. Disposal $175500

    Cr. fixed assets $ 250000

    Dr. provision for depreciation $74500

    What is your meaning of stock, at cost 130000?!

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