The bookkeeper for Brockton Industries prepared the following journal entries and posted the entries to the general ledger as indicated in the T accounts presented. Assume that the dollar amounts and the descriptions of the entries are correct.
REQUIRED:
If you assume that all journal entries have been recorded correctly, use the above information to:
(1) Identify the postings to the general ledger that were made incorrectly.
(2) Describe how each incorrect posting should have been made.
Definitions:
Intellectual Disability
A condition characterized by significant limitations both in intellectual functioning and in adaptive behavior, which covers many everyday social and practical skills.
Academic Skills
Abilities and competencies associated with learning and academic performance, such as writing, reading, and mathematical aptitude.
Moderate Disability
A level of disability in which individuals experience notable difficulty in one or more major life activities, but can still function with some independence.
IQ Score
A numerical measure of a person's cognitive abilities relative to the population, based on standardized tests.
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