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juin [17]
3 years ago
12

A $22 credit to sales was posted as a $220 credit by what amount is the sales account in error

Business
2 answers:
Elodia [21]3 years ago
5 0
I think i read the question right. I think they would be out $198
Andreyy893 years ago
5 0

Answer:

$198

Explanation:

The data provided in the question

Credit to sales = $22

But wrongly posted as a $220 credit

Since the right amount is $22 credited but it wrongly posted as a $220 credited

So the difference is to be shown as the sales account error

Sales account in error = Wrong amount - correct amount

= $220 - $22

= $198

By deducting the correct amount from the wrong amount we can determine the sales account in error amount

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2 years ago
Amarillo Company experienced the following events during its first accounting period. (1) Purchased $5,000 of inventory on accou
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Answer:

$4,000

Explanation:

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3 years ago
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Explanation:

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3 years ago
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3 years ago
if, after one year, the yield to maturity on a multiyear coupon bond that was issued at par is lower than the coupon rate, what
maw [93]

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<h3>What is the cost of a $1,000 par value, three year, zero-coupon bond?</h3>

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To Know more about coupon rate

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1 year ago
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