The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct
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Question:
The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct the errors.
a. The receipt of $5,190 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.
b. The purchase of supplies of $2,270 on account was recorded as a debit to Office Equipment and a credit to Supplies. Note: Prepare the entry to reverse the original entry first.
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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