Correcting Errors

The following entry was made to record the purchase of $$700$ in supplies on account:

Supplies

$142$

$700$

Cash

$101$

$700$

$2.$ The following entry was made to record the payment of $$500$ in wages:

Rent Expense

$521$

$500$

Cash

$101$

$500$

$3.$ The following entry was made to record a $$400$ payment to a supplier on account:

Supplies

$142$

$300$

Cash

$101$

$300$

Required:

Assuming that all entries have been posted, prepare correcting entries for each of the errors.

Page:

DATE

ACCOUNT TITLE

$11.$

$3$

To correct error in which a purchase of supplies on account was credited to Cash

$42.2.2.$

$5$

Chedk My Work