Question: write down the journal entry that the company ACTUALLY MADE (shown on the right side of the attached sheet) for each error. Write down the
in the column headings in the table. Use the following symbols:0 = overstated, U = understated and NE no effect Total Revenue Total Expenses Net Income Total Assets Total Liabilities Error Owners' Equity a. Recorded a declared but unpaid dividend by debiting dividends and crediting cash. b. Recorded a receipt of an account receivable as a debit to cash and a credit to fees earned. C. Recorded depreciation expense twice. d. Recorded the sale of capital stock as a debit to cash and a credit to revenue. e. Purchased equipment and debited supplies expense and credited cash. f. Failed to record expired portion of prepaid advertising g. Failed to record accrued and unpaid interest expense. w
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