COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
COLLEGE ACCOUNTING (LL)W/ACCESS>CUSTOM<
4th Edition
ISBN: 9781260255157
Author: Haddock
Publisher: MCG CUSTOM
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Chapter 4, Problem 3PA

The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting.

INSTRUCTIONS

Examine the journal entries carefully to locate the errors. Provide a brief written description of each error. Assume that Office Equipment and Office Supplies were recorded at the correct values.

Chapter 4, Problem 3PA, The following journal entries were prepared by an employee of International Marketing Company who

Analyze: After the correcting journal entries have been posted, what effect do the corrections have on the company’s reported assets?

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