Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

Your task is to prepare an income statement and a balance sheet in good format after adjusting for the two errors below. A physical count of...

Your task is to prepare an income statement and a balance sheet in good format after adjusting for the two errors below.A physical count of inventory indicates $75,000 on hand.How do I correct this entry and where on the Trial Balance or the Income statement do I show the change There’s a check for $10,000 from a customer that has not been recorded in the working trial balance. The check is payment for a purchase made two weeks ago.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question