Essay
You have recently started to work for Thom Hanks manufacturers of cemetery markers and monuments. During your first month at work you inadvertently recorded as revenue about $6000 of prepayments from Ledger Company. The financial statements had been released within the company when you discovered your error. The month-end closing had not been completed however and you were able to correct the accounts without incident.
Required:
Prepare a short note to accompany the re-released financial statements explaining the mistake.
Correct Answer:
Verified
Correct Answer:
Verified
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