ACC 290T Principles Of Accounting I Wk 5 Discussion End of Year Transactions due Day 3.docx

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ACC/290T: Principles Of Accounting IWk 5 Discussion – End Of YearTransactions [due Day 3]Post a total of 3 substantive responses over 2 separate days for full participation. This includesyour initial post and 2 replies to other students.Due Day 3On the last day of the fiscal year, a co-worker asks you to cut a check for $2,000 as amiscellaneous expense for supplies in order to complete a project for a VIP customer today.You notice the invoice looks a little different from other invoices that are usually processed. Youknow that by preparing the closing entries tomorrow, the miscellaneous expense will be set tozero for the beginning of the year.Respond to the following in a minimum of 175 words:Should you write this check today and record the expense or write the check tomorrow?How would the company be affected if the check is written and the invoice ends upbeing erroneous?Due Day 7Reply to at least 2 of your classmates. Be constructive and professional in your responses.

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