The following errors took place in journalizing and posting transactions: a. Rent expense of $3,220 paid for

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The following errors took place in journalizing and posting transactions:

a. Rent expense of $3,220 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense.

b. The payment of $5,080 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable. Journalize the entries to correct the errors. Omit explanations.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 05, 2021 03:36 AM

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The following errors took place in journalizing and posting transactions: a. Rent expense of $3,220 paid for

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a Debit Miscellaneous ...View the full answer

Accounting

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