simulation D1908, task 5

louise

i dont get it!!!! please help

please help, me i cant get the answer, i dont understand where you get the 21867.89 from

louise

brandy

Hi

The balance of 21867.89 on the SLCA is before you complete and enter the journal entry to correct the error. Journal entry should be:

Dr SLCA 3449.95
Dr SDB 3449.95
Cr VAT 3449.95

Hope this helps, not too good at explaining.

PhilW

34,031.25 + 19,714.00 = 53,745.25
30,638.57 + 1,238.79 = 31,877.36

53,745.25 - 31,877.36 = 21,867.89

Journal:

Dr Sales 3,449.95
Dr SLCA 3,449.95
Cr VAT 6,899.90