For each of the following incorrect entries. Entry Description Debit Credit a. Office Supplies 1,800 Cash 1,800

Fantastic news! We've Found the answer you've been seeking!

Question:

For each of the following incorrect entries.

Entry	Description	Debit	Credit
a.	Office Supplies	1,800
	Cash		1,800
	(Purchase of office supplies on credit.)

b.	Cash	4,500
	Revenue		4,500
	(Received from customer. A credit customer paid their account in full)

c.	Salaries Expense	1,500
	Cash		1,500
	(Withdrawal of cash for personal use.)


d.	Cash	750
	Accounts Receivable		750
	(Performed services and received payment from customer on the same day.)

Journalize the appropriate correcting entry(ies).

Related Book For answer-question

answer-question

Financial Accounting: A Business Process Approach

Financial Accounting: A Business Process Approach

ISBN: 978-0136115274

3rd edition

Authors: Jane L. Reimers

See More Books

Posted Date: Feb 01, 2021 01:15 PM

See More Questions

For each of the following incorrect entries, journalize the appropriate correcting entry(ies). a. The purchase of office supplies on credit for $1,800 was recorded as: b. A credit customer paid her...
For each of the following payroll-related taxes, indicate whether there is a ceiling on the annual earnings subject to the tax: (a) Federal income tax, (b) Medicare tax, (c) Social security tax, (d)...
The Accounting Equation For each of the following cases, fill in the blank with the appropriate dollar amount. Case 1 Case 2 Case 3 Case4 $75,000 $50,000 15,000 25,000 10,000 0,000 5,00 20,000 15,000...
The bank portion of the bank reconciliation for Katsaris Company at August 31, 2014, was as follows: The adjusted cash balance per bank agreed with the cash balance per books at August 31. The...
A money market mutual fund purchased $1 million face value of Honda Canada Finance Inc. 90-day commercial paper 28 days after its issue. What price was paid if the paper was discounted at 4.10%?
Hyundai Heavy Industries Co. is one of Koreas largest industrial producers. According to an article in BusinessWeek Online, the company is not only the worlds largest shipbuilder but also...
Diageo North America, Inc., the owner of the Bulleit brand family of whiskeys, sued competitor W.J. Deutsch & Sons Ltd. for allegedly infringing upon the trade dress of Diageos Bulleit bottles....
1. Create a detail report that will display all SCR courses in alphabetical order, with the course name and the instructor name in a group header; the Social Security number, name, and telephone...
Consider the following ridiculously simple linear system: 10 (9)(2)-(0) a. What is the solution of this linear system? You don't have to show your work. b. Set up a Neumann iteration with initial...
It is important to ensure passenger comfort on ships by stabilizing the ship's oscillations due to waves [13]. Most ship stabilization systems use fins or hydrofoils projecting into the water to...
The resuts of a sieve analysis for a soil sample are given in the table. (a) Plot (to scale) the particle size distribution curve (b) Comment whether the soil is well graded, poorly graded or gap...
A company reacquired 1,000 shares of its $50 par value common stock as treasury They were purchased last year at a cost of $400,000. In October of this year, the company sold 500 of the shares for...
The following cost data for the year just ended pertain to Sentiments, Incorporated, a greeting card manufacturer: Direct material $ 2,200,000 Advertising expense 98,000 Depreciation on factory...
In 2 0 2 2 , Vanessa purchased a new computer ( 5 - year property ) for her consulting gig. She spent $ 8 0 0 on the computer. If she maximizes bonus depreciation, how much can she deduct? $ 1 6 0...
With a quick ratio of 2.00x, cash on hand of $33,525, and accounts receivable of $18,625 as well as some inventory, Alfred Inc. has $74,500 in total current assets and $26,075 in total current...
At December 31, the following information was available. Make any necessary adjusting entries in spaces provided 1. The machine were purchased for $34995 on 12/1 and have an estimated useful life of...
Android Studio-Java programming >>> Create project - - - Select "File" "New" - "New Project..." Choose "Empty Activity" template, and click "Next". On "New Project" window, fill out information....
Continuation of Exercise 4-83. (a) What is the probability that the first major crack occurs between 12 and 15 miles of the start of inspection? (b) What is the probability that there are no major...
Fast Pizza Delivery disposed of a delivery vehicle that had been used in the business for four years. The records of the company provide the following information: Delivery vehicle .........$35,000...
Sams Supply, Inc., uses a perpetual inventory system. Enter the following transaction into the accounting equation: In February, Sams sold $320,000 of merchandise on account with terms 3/10, n/30....
Use the selection from Books-A-Millions annual report in Appendix A at the back of the book to help you answer the following questions: 1. What type of depreciable assets does Books-A-Million have?...
For the three-room house shown in Figure 7.35, all rooms are perfect squares and have the same dimensions. An air conditioner produces an equal amount of heat flow \(q_{\mathrm{ho}}\) out of each...
Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas \(A_{1}\) and \(A_{2}\), respectively. The volume flow rate into tank 1 is \(q_{\mathrm{i}}\). A pump is...
Consider the single-tank liquid-level system shown in Figure 7.19, where the volume flow rate into the tank through a pipe is \(q_{\mathrm{i}}\). The liquid leaves the tank through an orifice of area...