Indicate the account being debited:
Martha Russo withdrew $250 cash for personal use.
A.)Cash...
Business, 06.11.2020 18:10 joeblaszak4776
Indicate the account being debited:
Martha Russo withdrew $250 cash for personal use.
A.)Cash in Bank
B.)M. Russo, Capital
C.)M. Russo, Withdrawals
D.)Accounts Receivable-M. Russo
Answers: 3
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Tiana daniels enterprise’s trial balance as at december 31, 2016 did not balance. on february 15, 2017 the following errors were detected: errorsi. water rates had been undercast by $2, 000. ii. a cheque paid to yvonne walch of $2, 680 had been posted to the credit side of her account. iii. discount received total of $1, 260 had been posted to the debit side of the discount allowed account as $1, 620. iv. rent paid in the amount of $24, 000 had been posted to the credit of the rent received account. v. wayne returned goods valuing $1, 680 to daniels enterprise but had been completely omitted from the books. required: 1. prepare the journal entries to correct the errors. (narrations required) 14.5 marks 2. prepare the suspense account showing clearly the original trial balance error. 8 marks
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