Give Journal Entries to rectify the following errors in the books of tigerwood corporation :- A cheque received from debtor (Account receivables) was dishonored and debited to allowance account, The amount of cheque was $24,900 1. 2. Sale of equipment of $59,990 was Wrongly recorded as sale of goods. Goods worth $29,000 was dispatched to customer before year end but no invoice was made 3. Amount of Purchase of $19,000 was wrongly debited to sales account. 4.

Give Journal Entries to rectify the following errors in the books of tigerwood corporation :- A cheque received from debtor (Account receivables) was dishonored and debited to allowance account, The amount of cheque was $24,900 1. 2. Sale of equipment of $59,990 was Wrongly recorded as sale of goods. Goods worth $29,000 was dispatched to customer before year end but no invoice was made 3. Amount of Purchase of $19,000 was wrongly debited to sales account. 4.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 1PA: On June 30, Oscar Inc.s bookkeeper is preparing to close the books for the month. The accounts...

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