3. The following errors were made: a. GH¢87 cash paid for stationery was entered in the Stationery Account and the Cash Account as GH¢97. b. GH¢430 paid for repairs for machinery was debited to Machinery Account. c. Sales Account and Purchases Account were overcast by GH¢350 each. d. Commission received GH¢1,580 was wrongly debited to the Commission Revenue Account and credited to the Cash Account. What entries should be made to correct these errors?

3. The following errors were made: a. GH¢87 cash paid for stationery was entered in the Stationery Account and the Cash Account as GH¢97. b. GH¢430 paid for repairs for machinery was debited to Machinery Account. c. Sales Account and Purchases Account were overcast by GH¢350 each. d. Commission received GH¢1,580 was wrongly debited to the Commission Revenue Account and credited to the Cash Account. What entries should be made to correct these errors?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please answer the following questions. thank you
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T5.
A-5
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