$2.2 Show the journal entries necessary to correct the following errors: a) A sale of goods £412 to T More had been entered in T Mone's account. b) The purchase of a machine on credit from J Frank for £619 had been completely omitted from our books. ) The purchase of a computer for £550 had been entered in error in the Office Expenses account. d) A sale of £120 to B Wood had been entered in the books, both debit and credit, as £102. e) Commission received £164 had been entered in error in the Sales account. f) A receipt of cash from T Blair f68 had been entered on the credit side of the cash book and the debit side of T Blair's account. g) A purchase of goods £372 had been entered in error on the debit side of the Drawings account. h) Discounts Allowed £48 had been entered in error on the debit side of the Discounts Received account

$2.2 Show the journal entries necessary to correct the following errors: a) A sale of goods £412 to T More had been entered in T Mone's account. b) The purchase of a machine on credit from J Frank for £619 had been completely omitted from our books. ) The purchase of a computer for £550 had been entered in error in the Office Expenses account. d) A sale of £120 to B Wood had been entered in the books, both debit and credit, as £102. e) Commission received £164 had been entered in error in the Sales account. f) A receipt of cash from T Blair f68 had been entered on the credit side of the cash book and the debit side of T Blair's account. g) A purchase of goods £372 had been entered in error on the debit side of the Drawings account. h) Discounts Allowed £48 had been entered in error on the debit side of the Discounts Received account

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter4: Posting To A General Ledger

Section: Chapter Questions

Problem 3AP

See similar textbooks

Similar questions

Journalize correcting entries for each of the following errors and include a brief explanation. a. A cash purchase of office equipment for 680 was journalized as a cash purchase of store equipment for 680. (Use the ruling method; assume that the entry has not been posted.) b. An entry for a 180 payment for office supplies was journalized as 810. (Use the ruling method; assume that the entry has not been posted.) c. A 620 payment for repairs was journalized and posted as a debit to Equipment instead of a debit to Repair Expense. (Use the correcting entry method to journalize the correction.) d. A 750 bill for vehicle insurance was received and immediately paid. It was journalized and posted as 660. (Use the correcting entry method to journalize the correction.)
1-Which of the following is an example of Transposition Error? a. Electricity expense of OMR 50 entered two times by mistake b. Purchase of Merchandise on credit RO 15000 entered in Fixed asset account. c. Sales day book undercast by RO 1200 d. Sale of Merchandise for cash RO 15,729 entered as 15279 in Sales account 2-Ms. Salma is an Accountant. the business incurred electricity expense of RO 512 was entered by her as RO 152 in cash account. but the entry was written in electricity account correctly. Which of the following rectification entry is Correct? a. Give Credit Cash account with RO 360 b. Give Debit Cash account with RO 360 c. Give Debit Cash Account with RO 720 d. give Debit RO 360 in both the accounts 3-Credit sales invoice will be recorded in a. Sales journal b. Purchase journal c. Purchase ledger d. Sales ledger 4-Sales revenues are RO 400,000, cost of goods sold is RO 310,000, and operating expenses are…
33-Ms. Ameena is an Account Assistant of a Merchandise business in Oman. The business paid rent expense of OMR 1500. She was asked to record the transaction. But due to her busy schedule she forgot to write the entire transaction. The type of Error was committed by Ms. Ameena: a. Error of Partial Omission b. Error of Transposition c. Error of Complete Omission d. Error of Principle
Goods returned by Mr. Mohammed worth RO 1,500 were not entered in both the accounts. This type of error a. Will affect in both the accounts OMR 3000 b. Will affect only Mr. Mohammed account is OMR 1500 c. Will not affect the trial balance d. Will affect the trail balance
2. Show the journal entries needed to correct the following errors: a. Purchases $1,410,000 on credit from A Ray had been entered in B Roy’s account. b. A cheque of $94,000 paid for printing had been entered in the cash column of the cash book instead of in the bank column. c. Sale of goods $ 734, 000 on credit to D Rolls had been entered in error in D Rollo’s account. d. Purchase of goods on credit L Hand $819,000 entered in the correct accounts in error as $ 891,000. e. Cash paid to G Boyd $ 64,000 entered on the debit side of the cash book and the credit side of G Boyd’s account. f. A sale of fittings $320,000 had been entered in the Sales Account. g. Cash withdrawn from bank $200,000 had been entered in the cash column on the credit side of the cash book, and in the bank column on the debit side. h. Purchase of goods $1,182,000 has been entered in error in the Furnishings account.
27-Which of the following error will be a complete reversal of entries for the purchase of furnitures for cash OMR 500 by a Wholesale electronics business? a. Debit Cash OMR 500 and Credit furnitures OMR 500 b. Debit furnitures OMR 500 and Credit Cash OMR 500 c. Debit Purchase OMR 500 and Credit Cash OMR 500 d. Debit Cash OMR 500 and Credit Purchase OMR 500
Mr. Salman is an Accountant Assistant of a Merchandise company in Oman. The business received cash from Ms. Maya a customer of OMR 40,200 was posted to Ms. Raya a supplier account for OMR 40,200. The type of error was committed by Mr. Salman ? a. Error of Complete reversal b. Error of Compensation c. Error of Transposition d. Error of Commission
Ms. Ameena is an Account Assistant of a Merchandise business in Oman. The business paid rent expense of OMR 1500. She was asked to record the transaction. But due to her busy schedule she forgot to write the entire transaction. The type of Error was committed by Ms. Ameena: a. Error of Transposition b. Error of Principle c. Error of Complete Omission d. Error of Partial Omission
Which of the following errors will not affect the Trial balance? a. Wrong totaling of purchase journal OMR 48,000 instead OMR 84,000 b. Cash paid to Mr. Said OMR 7800: Debit Mr. Said OMR 8700 and Credit Cash OMR 7800 c. Omitting Salary account OMR 12,000 and recording Cash account OMR 12,000 d. Omitting Rent account OMR 8,000 and Cash account RO 8,000
The credit column of a trial balance is $1,200 more than the debit column. Which of the following errors would explain the difference? A No entries had been made for the purchase of goods costing $1,200. B A payment of $1,200 for electricity had been correctly entered in the cash account, and a credit was made to the electricity account. C Cash sales of $600 had been correctly entered in the sales account, and credited in the cash account D The debit side of the cash account shows a balance which is $1,200 higher than it should be
37-Which of the following error will be a complete reversal of entries for the purchase of furnitures for cash OMR 500 by a Wholesale electronics business? a. Debit Cash OMR 500 and Credit furnitures OMR 500 b. Debit furnitures OMR 500 and Credit Cash OMR 500 c. Debit Cash OMR 500 and Credit Purchase OMR 500 d. Debit Purchase OMR 500 and Credit Cash OMR 500
9- Jinan Company, the following errors were discovered after the transactions had been journalized and posted. Instructions: Prepare the correcting entries without reversing the incorrect entry. 1. A collection on account from a customer for $780 was recorded as a debit to Cash $780 and a credit to Service Revenue $780. 2. The purchase of store supplies on account for $1,570 was recorded as a debit to Store Supplies $1,750 and a credit to Accounts Payable $1,750.