A year end Journal entry was posted (JNL001) accrual was posted with incorrect totals to some accounts.

An adjusting entry is needed to reflect the correct totals for the highlighted accounts below, showing a variance. How can we correct the accounts without reversing the whole journal entry?

Account	Accrual Amount for JNL001	Correct Accrual Amount	Variance (Over Accrued)/Under Accrued
Trade Events	$ 48,972.04	$ 106,472.04	$ 57,500.00
Trade: Partnerships	$ 52,995.00	$ 52,995.00	$ -
Press Tours	$ 70.82	$ 70.82	$ -
Press Tours	$ 22,396.06	$ 22,396.06	$ -
PR & Content	$ 12,430.57	$ 2,400.00	$ (10,030.57)
Representation Fee	$ 18,900.00	$ 16,500.00	$ (2,400.00)
Consulting Travel	$ 97,500.00	$ 52,430.57	$ (45,069.43)

Answer rating: 100% (QA)

SOLUTION 3 If we wants to correct the accounts with... View the full answer