At Hebert Company, the following errors were discovered after the transactions had been journalized and posted: 1.

Question:

At Hébert Company, the following errors were discovered after the transactions had been journalized and posted:
1. A collection of cash on account from a customer for $750 was recorded as a debit to Cash of $750 and a credit to Service Revenue of $750.
2. An invoice to a customer for $600 of services on account was recorded as a $600 debit to and a $600 credit to Unearned Revenue.
3. A $500 cash payment to the owner, Roch Hébert, was recorded as a debit to Salaries Expense of $500 and a credit to Cash of $500.
Prepare the correcting entries.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...