For each of the following incorrect entries, journalize the appropriate correcting entry(ies). a. The purchase of office

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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 account in full: $ 4,500. This was recorded as:

c. The owner withdrew cash of $1,500. This was recorded as:

d. Work was performed for a customer today and cash of $750 was received. This was recorded as:

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Fundamental Accounting Principles

ISBN: 978-0071051507

Volume I, 14th Canadian Edition

Authors: Larson Kermit, Tilly Jensen

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Question Posted: Mar 08, 2016 07:41 AM

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For each of the following incorrect entries, journalize the appropriate correcting entry(ies). a. The purchase of office

Question:

Office Supplies.. 1,800 Cash 1,800 Cash 4,500 Revenue …… 4,500 Salaries Expense.. 1,500 Cash 1,500 Cash 750 Accounts Receivable 750

Step by Step Answer:

a Cash 1800 Accounts Payable 1800 To correct the original entry OR Cash 1800 Office Supplies 1800 To ...View the full answer

Fundamental Accounting Principles

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