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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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