How should Suzanne address this error

Reference no: EM132844523

Question - Analyze different scenarios related to the accounts receivable process.

1. Suzanne is balancing the accounts receivable for her company Montebello Home Goods. Review the information below and then answer the questions that follow.

a. Describe the error that Suzanne made in the calculations above.

b. How should Suzanne address this error? Use the following tables and be sure to include updated entries in your answer.

2. Lila Greene is the co-owner of Lila & Grover, who ordered $2,803 in merchandise from Montebello Home Goods in May. On May 22 Lila contacts Suzanne to tell her that some of this order arrived damaged, and that she would like to return that portion and receive a refund of $690. Suzanne processes the return and refund and records the transaction as follows. Review the information below and then answer the questions that follow.

a. Describe the error that Suzanne made in the calculations above.

b. How should Suzanne address this error? Use the following tables and be sure to include updated entries in your answer.

Reference no: EM132844523

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