Joe Adams bought $500 worth of office supplies on account. The following entry was recorded on May
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Joe Adams bought $500 worth of office supplies on account. The following entry was recorded on May 17. Find the error(s) and correct it (them) using the ruling method.
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On May 25, after the transactions had been posted, Adams discovered that the following entry contains an error. The cash received represents a collection on account, rather than new service fees. Correct the error in the general journal using the correcting entrymethod.
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GENERAL JOURNAL date description POST ref debit credit May 17 Supplies Office Eq...View the full answer
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Ahmed Farooq
i am graduate of lse and currently doing ms from london school of economics..my area of expertise are ; management , marketing , accounting , economics , math , statistics , financial management , auditing e.t.c i have been working on academic writing task from 5 years... previously i was working on clientoffortune.com with a++ ratings...currently working on several other sites...thanks ms in accounting and finance
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