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ACC 290T Week 2 Discussion
January 31, 2022
ACC 290T Week 4 Discussion
January 31, 2022
ACC 290T Week 3 Discussion
$7.00
ACC 290T Week 3 Discussion: General Ledger Accounts
Description
$7.00
ACC 290T Week 3 Discussion: General Ledger Accounts
Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.
Due Thursday
Respond to the following in a minimum of 175 words (replies also need to be a minimum of 175 words each):
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reason for the change and the effect on each account, whether it is an increase or decrease.
For the third time this month, a co-worker has recorded a cash receipt twice and wants you to record a correcting entry that will reverse the mistakes. The correcting entry will record a credit to the Cash account and a debit to the Sales account. Your co-worker has offered to buy you dinner for fixing this mistake.
What should you investigate before making a decision about the correcting entry? What is happening to the Cash account? Would you accept a dinner offer from your co-worker for fixing the mistake?
Due Monday
Reply to at least two of your classmates. Be constructive and professional in your responses.
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