Question: View Policies Current Attempt in Progress The following accounting items were found in the journal of Cullumber Company: 1 2. 3. 4 The payment of



View Policies Current Attempt in Progress The following accounting items were found in the journal of Cullumber Company: 1 2. 3. 4 The payment of the current month's rent for $410 was recorded as a debit to interest Payable and a credit to Cash, both for $410. (Note: This had not been previously accrued.) The collection of an account receivable for $310 was debited to Cash and credited to Service Revenue, both for $310. A payment for Utilities Expense of $250 was recorded as a debit to Utilities Expense and a credit to Cash, both for $520, A customer was billed $860 for services provided on account Accounts Receivable was debited and Unearned Revenue was credited, both for 5860. A $580 accrual of Interest Revenue was recorded as a debit to Interest Expense and a credit to interest Receivable, both for $580 A payment of a $220 account payable was recorded as a debit to Accounts Payable and a credit to Cash, both for $220. A $320 advance from a customer was recorded as a debit to Cash and a credit to Service Revenue, both for $320 The purchase of $ 1.800 of equipment on account was recorded as a debit to Repair Expense and a credit to Accounts Payable, both for $1.800. 5. 6. 7. B Correct any error by reversing the incorrect entry and then recording the correct entry. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts Type here to search Correct any error by reversing the incorrect entry and then recording the correct entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation 1. Reverse incorrect entry Correct entry 2. Reverse incorrect entry: Correct entry: ENG Correct entry: 8. Reverse incorrect entry: Correct entry
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