Assuming that all entries have been posted, prepare correcting entries for each of the following errors. 1.

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Assuming that all entries have been posted, prepare correcting entries for each of the following errors.

1. The following entry was made to record the purchase of $500 in supplies on account:

Supplies 142 500

Cash 101 500

2. The following entry was made to record the payment of $300 in wages:

Rent Expense 521 300

Cash 101 300

3. The following entry was made to record a $200 payment to a supplier on account:

Supplies 142 100

Cash 101 100


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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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