The following errors took place in journalizing and posting transactions: (a) Cash of $12,975 received on account

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The following errors took place in journalizing and posting transactions:
(a) Cash of $12,975 received on account was recorded as a debit to Fees Earned and a credit to Cash.
(b) A $3,200 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable.
Journalize the entries to correct the errors. Omit explanations.

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Financial and Managerial Accounting

ISBN: 978-0538480895

11th Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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