The list of vouchers Shoppe at December 31 is as follows: Vendor Invoice Date Amount Hagrid Cleaning Services 11/15 4,322.43 Hermione’s Hats 12/02 2,167.76 Lockhart Magic Books 12/31 6,489.11 Malfoy Financial Consultants 12/28 23,752,63 McGonagall Veterinary Supplies 12/23 4,590.60 Moaning Myrtle’s Mystical Capes 10/14 11,529.88 Nicholas Fancy Headwear 12/29 51,268.62 Snape’s Snakes 12/28 36,152,45 Wesley’s Wands 12/28 6,400.55 Hogwart’s Rentals 12/15 53,000.00       Total Vouchers Payable   199,674.03   Checks written in the following January are: Check Payee Description Invoice Date Amount 1842 Malfoy Financial Consultants Professional Services 12/28 23,752.63 1843 Hagrid Cleaning Services October cleaning 11/15 4,322.43 1844 Hogwart’s Rentals January rent 12/15 53,000.00 1845 Lockhart Magic Books Inventory 12/31 6,489.11 1846 Dudley Pastries Catering for office Christmas party 1/15 6,300.00 1847 Weasley’s Wands Inventory 12/28 6,400.55 1848 Rowlin’ Enterprises Trademark 1/1 10,000.00 1849 McGonagall Veterinary Supplies Inventory 12/23 4,590.60 1850 Nicholas Fancy Headwear Inventory 12/29 51,268.62 1851 Weasley’s Wands Inventory 12/31 6,400.55 1852 Hermione’s Hats Inventory 12/02 2,167.76 1853 Lockhart Magic Books Inventory 12/31 5,932.89 1854 Hagrid Cleaning Service November cleaning 12/15 4,322.43 1855 Malfoy Financial Consultants Professional Services 1/28 13,888.56 Please review the checks written in the following January and discuss which need to be included in vouchers payable at December 31 and propose a journal entry to correct vouchers payable.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question

The list of vouchers Shoppe at December 31 is as follows:

Vendor

Invoice Date

Amount

Hagrid Cleaning Services

11/15

4,322.43

Hermione’s Hats

12/02

2,167.76

Lockhart Magic Books

12/31

6,489.11

Malfoy Financial Consultants

12/28

23,752,63

McGonagall Veterinary Supplies

12/23

4,590.60

Moaning Myrtle’s Mystical Capes

10/14

11,529.88

Nicholas Fancy Headwear

12/29

51,268.62

Snape’s Snakes

12/28

36,152,45

Wesley’s Wands

12/28

6,400.55

Hogwart’s Rentals

12/15

53,000.00

      Total Vouchers Payable

 

199,674.03

 

Checks written in the following January are:

Check

Payee

Description

Invoice Date

Amount

1842

Malfoy Financial Consultants

Professional Services

12/28

23,752.63

1843

Hagrid Cleaning Services

October cleaning

11/15

4,322.43

1844

Hogwart’s Rentals

January rent

12/15

53,000.00

1845

Lockhart Magic Books

Inventory

12/31

6,489.11

1846

Dudley Pastries

Catering for office Christmas party

1/15

6,300.00

1847

Weasley’s Wands

Inventory

12/28

6,400.55

1848

Rowlin’ Enterprises

Trademark

1/1

10,000.00

1849

McGonagall Veterinary Supplies

Inventory

12/23

4,590.60

1850

Nicholas Fancy Headwear

Inventory

12/29

51,268.62

1851

Weasley’s Wands

Inventory

12/31

6,400.55

1852

Hermione’s Hats

Inventory

12/02

2,167.76

1853

Lockhart Magic Books

Inventory

12/31

5,932.89

1854

Hagrid Cleaning Service

November cleaning

12/15

4,322.43

1855

Malfoy Financial Consultants

Professional Services

1/28

13,888.56

Please review the checks written in the following January and discuss which need to be included in vouchers payable at December 31 and propose a journal entry to correct vouchers payable.

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education