journal entries correct

2007-06-12 3:12 am
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1:

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

回答 (1)

2007-06-12 3:32 am
✔ 最佳答案
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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