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Prepare the correcting journal entries

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Reference no: EM132913508

Question - Prepare the correcting journal entries for the following:

1. The bank column of the cash receipts journal was over added by $30, but the individual receipts were correctly entered and posted.

2. Timber worth $880 (including GST) purchased on credit from Shady Timber Mill was incorrectly debited to Purchases. GST amount $80

3. A cheque for $1,210 received for a kitchen bench slab was incorrectly posted from the cash receipts journal as a credit to the Sales account.

4. Sold goods on credit to Lennox Furniture for $3,300 (including GST of $300) and incorrectly posted the item from the Credit Sales Journal by debiting Kingscliff Kitchens.

Reference no: EM132913508

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