FREE Trial

How do you correct an incorrect journal entry that has not been posted?

Question:

How do you correct an incorrect journal entry that has not been posted?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 100% (2 reviews)

Errors made in jou…View the full answer


answer-question
Answered By
tutor-profile-image
Muhammad Khurram
I have strong General Management skills to apply in your projects. Over last 3 years, I have acquired great knowledge of Accounting, Auditing, Microsoft Excel, Microsoft PowerPoint, Finance, Microsoft Project, Taxation, Strategic Management, Human Resource, Financial Planning, Business Planning, Microsoft Word, International Business, Entrepreneurship, General Management, Business Mathematics, Advertising, Marketing, Supply Chain, and E-commerce. I can guarantee professional services with accuracy.
4.80+ 249+ Reviews 407+ Question Solved
Related Book For  answer-question
College Accounting A Contemporary Approach

College Accounting A Contemporary Approach

ISBN: 9781265647308

6th Edition

Authors: M. David Haddock, John Price, Michael Farina

See More Books
Question Details
Chapter # 4- The General Journal and the General Ledger
Section: Comprehensive Self Review
Problem: 3
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: September 28, 2023 02:36:55
See More Questions

Students also viewed these Business questions

Q:
Patrice has produced the following draft Trial Balance as at 31 March 2012.Subsequent investigation reveals the following points: (i) An office computer was purchased for 1,500 during the year and...
A:
i Office equipment a c Dr 1 500 To Purchases a c Being correction of error ii Purchases a c To Trade......
Q:
There are two fundamental types of multiprocessor systems, the shared memory multiprocessor and the message passing multicomputer. How would you program a shared memory system?
A:
Programming a shared memory system involves creating software that allows multiple processors to acc......
Q:
Now that you have reviewed information about Hi-Fi Way, you are ready to begin the first step in the accounting cycle, recording transactions. On this page of the practice set, you are asked to...
A:
Date Accounts Title description Dr Cr 1 Prepaid Rent 8 400 Cash 8 400 being rent paid in advance 1 C......
Q:
On July 1, 2021, Katrina purchased tax-exempt bonds (face value of $75,000) for $82,000. The bonds mature in five years, and the annual interest rate is 3%. a. How much interest income and/or...
A:
a Interest income and or interest expense is given by Interest Bond Cost Ac......
Q:
Did the Lexus dealers mistake entitle it to rescind the contract? Brian Donovan was in the market for a used car. As he scanned the Costa Mesa Daily Pilot, he came upon a Pre-Owned Coup-A-Rama Sale!...
A:
Holding Judgment for the Lexus dealer affirmed The court first ruled that there was in fact a contract between the parties noting that despite the gen......
Q:
When a draftsman draws three lines that are to intersect at one point, the lines may not intersect as intended and subsequently will form an error triangle. If this error triangle is long and thin,...
A:
a The shortest side is between P 1 2 6......
Q:
An individual who owns his or her own business and is the sole employee needs many control procedures. (True/False)
A:
False While there are some control procedures that are always beneficial a sole proprietor does not......
Q:
Brian Motley founded MiniDiscs Corporation at the end of 2005 with a $1 million investment. After nearly one year of development, the venture produced an optical storage disk (about the size of a...
A:
a Management team 5 million LBO financiers 20 million Bank loan 10 million Brian Motley 10 million Total 45 million b Original Percent Exit Percent Equity Owners Ownership Ownership Brian Motley 50 55......
Q:
How do you write and introduction and conclusion for : compare and contrast three approaches in management: Fordism, Bureaucracy and Taylorism Highlight the strengths and weaknesses of each approach...
A:
Introduction In exploring the landscape of management approaches we delve into three distinct paradi......
Q:
Four transactions for Automotive Maintenance and Repair Shop that took place in November 20X1 appear below, along with the general ledger accounts used by the company. INSTRUCTIONS Record the...
A:
Analyze The business owes 19 500 00 as of November 3......
Q:
The following journal entries were prepared by an employee of Global Travel Agency who does not have an adequate knowledge of accounting. INSTRUCTIONS Examine the journal entries carefully to locate...
A:
DATE 120X1 2 April 3 4 5 6 7 8 9 10 11 12 13 14 15 16 GENERAL JOURN......
Q:
What is a transparent switch?
A:
A transparent switch is a switch in whi......
Q:
The heart of a resting adult pumps blood at a rate of 5.00 L/min. (a) Convert this to cm 3 /s. (b) What is this rate in m 3 /s?
A:
a To convert 5 00 L min to cm s you can use the fact that 1......
Q:
Is there a net force on a dam due to atmospheric pressure? Explain your answer.
A:
Yes there is a net force on a dam due to atmospheric pressure Atmospheric pressure is the pressure exerted by the Earth s atmosphere at a given point......
Q:
Blood is flowing through an artery of radius 2 mm at a rate of 40 cm/s. Determine the flow rate and the volume that passes through the artery in a period of 30 s.
A:
Radius of the artery r 2 mm 0 002 m Flow rate v 40 cm s 0 4 m s Flow rate Q The flow rate Q is the v......
Q:
Why would you expect the rate of diffusion to increase with temperature? Can you give an example, such as the fact that you can dissolve sugar more rapidly in hot water?
A:
The rate of diffusion increases with temperature because of the increase in the kinetic energy of th......
Q:
Some miners wish to remove water from a mine shaft. A pipe is lowered to the water 90 m below, and a negative pressure is applied to raise the water. (a) Calculate the pressure needed to raise the...
A:
a To calculate the pressure needed to raise the water we can use the following equation P gh where P......
Q:
The three outer blocks each have a mass of 2 kg, and the central block E has a mass of 3 kg. Determine the sag s for equilibrium of thesystem. 30 1m Mc
A:
T T Tc 2 9 81 EF 0 3 2 9 81......
Q:
Pedro Bourbone is the founder and owner of a highly successful small business and, over the past several years, has accumulated a significant amount of personal wealth. His portfolio of stocks and...
A:
Pedro is in a good position to begin a gifting program to his children Since he has such a significa......
Q:
How are the federal and state unemployment taxes related?
A:
The Federal Unemployment Tax Act provides benefits for employees who become unemployed Taxes are le......
Q:
How are the federal and state unemployment taxes related?
A:
The Federal Unemployment Tax Act provides benefits for employees who become unemployed Taxes are le......
Q:
Does the employee bear any part of the SUTA tax? Explain.
A:
Under state s unemployment compensation program alm......
‎Whamvox Basketball Hoop Storage Shelves Balls Rack Household Football Holder - ISBN: B0CMHN714T - Free Book