Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. from august sales journal: ...

From August Sales Journal: ...

80.2K

Verified Solution

Question

Accounting

From August Sales Journal:

Day of

Sales

Shipping

Amount

Month

Invoice No.

Document No.

of Sale

Cutoff Issue?

30

6091

985

$634.33

Properly recorded in August

30

6094

990

4,583.68

Cutoff error: Should be recorded in September

31

6092

986

1,069.12

Properly recorded in August

31

6093

989

1,906.75

Cutoff error: Should be recorded in September

31

6095

987

103.67

Properly recorded in August

From September Sales Journal:

Day of

Sales

Shipping

Amount

Month

Invoice No.

Document No.

of Sale

Cutoff Issue?

1

6097

984

$2,995.60

Cutoff error: Should have been recorded in August

1

6096

988

68.97

Cutoff error: Should have been recorded in August

1

6098

991

733.69

Properly recorded in September

2

6100

992

1,776.43

Properly recorded in September

2

6099

993

509.92

Properly recorded in September

(Enter the amount to the nearest cent.)

We can conclude that there is currently a net

overstatement

in August sales of

$

 ???

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Distance 3.4 1.8 4.6 2.3 3.1 5.5 0.7 3.0 Damage 26.2 17.8 31.3 23.1 27.5 36.0 14.1 22.3 Distance 2.6 4.3 2.1 1.1 6.1 4.8 3.8 Damage 19.6 31.3 24.0 17.3 43.2 36.4 26.1 Interpret the slope by circling the correct answers and filling in the blanks. See pp. 194-195...

Basic Math
Q

1 For the past two decades genetic mapping has usually involved genetic markers with molecular...

Biology
Q

An increasing number of people are childfree Write an essay about infertility and the voluntary...

Biology
Q

ing to a study done by Nick Wilson of Otago University Wellington the probab nly...

Statistics
Q

On December 28, Summit purchased Microsoft common shares for $485,000. On December 31, the shares...

Accounting
Q

Idaho Inc. issued $600,000 bonds with a stated rate of 9% when the market rate...

Accounting
Q

Free Cash Flow Activity reported by Los Altos, Inc. ...

Accounting
Q

Payroll. Canada. Choose three of the following changes that may be negotiated in a collective...

Accounting
Q

7. Jackson Manufacturing Company had a begginning inventory of 23,000! During the year, the company...

Accounting
Q

The City of Lewistown had the following account balances in their Public Employee Retirement Fund...

Accounting
Q

UPS is a direct competitor of FedEx's. UPS's most recent balance sheet indicates a Current...

Accounting
Q

3 Ignore the information given earlier related to Contact Energy. Assume a cost of debt...

Finance