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  • Discussion Assignment On Audit Investment RasBSA301

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    Gale Ras
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    Discussion Assignment on Audit Investment RasBSA301

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    3 views1 page

    Discussion Assignment On Audit Investment RasBSA301

    Uploaded by

    Gale Ras

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Ras, Abigail BSA 301A

    Entry Made:

    Date Particulars Debit Credit


    1/8/2008 Debt Investment 9,400.00
    Cash 9,400.00
    1/10/2008 Cash 600.00
    Debit Investment 600.00
    1/11/2008 Cash 4,400.00
    Debt Investment 4,400.00

    Correcting Entries:
    Date Particulars Debit Credit
    1/8/2008 Interest Income 400.00
    Debt Investment 400.00
    1/10/2008 Debt Investment 600.00
    Interest Income 600.00
    1/11/2008 Loss on sale of Debt Investment 300.00
    Debt Investment 100.00
    Interest Income 200.00

    Corrected Entries
    Date Particulars Debit Credit
    1/8/2008 Debt Investment 9,000.00
    Interest Income 400.00
    Cash 9,400.00
    1/10/2008 Cash 600.00
    Interest Income 600.00
    1/11/2008 Cash 4,400.00
    Loss on Sale of Debt Investment 300.00
    Debt Investment 4,500.00
    Interest Income 200.00

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