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Prepare the correcting journal entries for the bank column

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Reference no: EM132623324

Problem 1: Prepare the correcting journal entries for the following:

  1. 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.
  2. Timber worth $880 (including GST) purchased on credit from Shady Timber Mill was incorrectly debited to Purchases.
  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. The bank column of the cash receipts journal was over added by $30, but the individual receipts were correctly entered and posted.

Reference no: EM132623324

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