Question: A) Five errors took place in journalizing and posting transactions during the month of December 2020 for Radiant Enterprise. Journalize the correcting entries of those
A) Five errors took place in journalizing and posting transactions during the month of December 2020 for Radiant Enterprise. Journalize the correcting entries of those errors in the following boxes.
Correction 1. 1. Cash received for admission revenue was recorded as $500 instead of $410.
Account to be debited is?--------
Amount debited is $ ?
Account to be credited is?
Amount credited is $?
Correction 2. 2. Receiving cash in advance from a client of $600 for services to be performed in April, 2021 was debited to Cash for $600 and credited to Accounts Receivable for $600.
Account to be debited is?
Amount debited is $?
Account to be credited is?
Amount credited is $?
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