question archive Make the audit adjustments in the Journal Entry Audit adjustments 1 Day 8 deposit of $ 1,275 was mistakenly posted to AIR account instead of cash 2 The accumulated depreciation and depreciation expense accounts for the month of December, were mistakenly reversed, were $ 1,250 3 The loan payment for $ 898
Subject:AccountingPrice: Bought3
Make the audit adjustments in the Journal Entry Audit adjustments 1 Day 8 deposit of $ 1,275 was mistakenly posted to AIR account instead of cash 2 The accumulated depreciation and depreciation expense accounts for the month of December, were mistakenly reversed, were $ 1,250 3 The loan payment for $ 898.50 (20% interest) was all at interest expense 4 On December 15, a dividend for $ 125,000 was declared, no adjustment was made. Will be paid on January 20 5 A computer purchase for $ 1,099 was recognized as an office expense 6 The deposit of the 14th for $ 2,660 was mistakenly posted to the payroll account instead of cash 7 On December 24, $ 24,000 was paid regarding prepaid rent and it was recognized as an expense Journal Entries Description DR CR