Joe Adams bought $500 worth of office supplies on account. The following entry was recorded on May
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Joe Adams bought $500 worth of office supplies on account. The following entry was recorded on May 17. Find the error(s) and correct it (them) using the ruling method.
On May 25, after the transactions had been posted, Adams discovered that the following entry contains an error. The cash received represents a collection on account, rather than new service fees. Correct the error in the general journal using the correcting entrymethod.
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14 14 15 May 17 Office Equipment 4 00 00 15 16 400 00 16 Cash Purchased copy paper 17 17
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GENERAL JOURNAL date description POST ref debit credit May 17 Supplies Office Eq...View the full answer
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i am graduate of lse and currently doing ms from london school of economics..my area of expertise are ; management , marketing , accounting , economics , math , statistics , financial management , auditing e.t.c i have been working on academic writing task from 5 years... previously i was working on clientoffortune.com with a++ ratings...currently working on several other sites...thanks ms in accounting and finance
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