journal entries correct

Question

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

Answer 1

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?!