The following errors took place in journalizing and posting transactions: a. Utilities expense of $7,300 paid for
Question:
The following errors took place in journalizing and posting transactions:
a. Utilities expense of $7,300 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Utilities Expense.
b. The payment of $6,100 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.
Journalize the entries to correct the errors. Omit explanations.
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a Utilities Expense 7300 Miscellaneous Expense 7300 Utilities Expense 7300 Cash 7300 The first ent...View the full answer
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Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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