Answer:
B. Comparison of recorded amounts of major disbursements with appropriate invoices.
Answer:
b. franchising fees and royalties
Explanation:
an independent business owner would not encounter this.
Answer:
See explanation below
Explanation:
The following will be selected in excel via the drop-down menus.
Dr; Account name = Bad debt expense/Dad debt written off $ 1200
Cr; Account name = Accounts Receivable $ 1200
The company uses the direct write-off method thus these will be the journal entries.
Explanation:
Given:
Wrong inventory needed = $126,000
Right inventory need to recorded = $135,000
Correct amount need to record = 135,000 - 126,000
Correct amount need to record = $9,000
Journal entry
Purchase A/c dr 9,000
To Credit or cash A/c 9,0000