For each of the following incorrect entries. Entry Description Debit Credit a. Office Supplies 1,800 Cash 1,800
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Question:
For each of the following incorrect entries.
Entry | Description | Debit | Credit |
a. | Office Supplies | 1,800 | |
Cash | 1,800 | ||
(Purchase of office supplies on credit.) | |||
b. | Cash | 4,500 | |
Revenue | 4,500 | ||
(Received from customer. A credit customer paid their account in full) | |||
c. | Salaries Expense | 1,500 | |
Cash | 1,500 | ||
(Withdrawal of cash for personal use.) | |||
d. | Cash | 750 | |
Accounts Receivable | 750 | ||
(Performed services and received payment from customer on the same day.) | |||
Journalize the appropriate correcting entry(ies).
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
Posted Date: