find error in journal entries.prepare trail balanceincome srament and balance sheet ...
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Accounting
find error in journal entries.prepare trail balanceincome srament and balance sheet
LabaLaba.Ltd Date Particulars 2021 1-Oct Rent Expense Cash Pay the rent with cash Dr Mop 50.000 Cr Mop 50.000 10.000 2-Oct cash common stock To record issue of common stock 10.000 3.200 4-Oct Office supplies Note Payable To record office supplies purchased on account 3,200 4,600 7-Oct Inventory Accounts Payable Buy clothes by account 4,600 3.000 10-Oct Electricity Expense Cash Pay the electricity fec 3,000 1.000 16-Oct Cash loan payable To record loan 1,000 500 20-Oct Prepaid insurance cash To record payment for 3-year insurance policy 500 23,000 28-Oct Accounts receivable Sales Revenue the clothing sales 23,000
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