Question: The following errors took place in journalizing and posting transactions: a. Rent expense of $4,650 paid for the current month was recorded as a debit
The following errors took place in journalizing and posting transactions:
a. Rent expense of $4,650 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense.
b. The payment of $3,700 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.
Journalize the entries to correct the errors. Omit explanations.
Step by Step Solution
3.30 Rating (159 Votes )
There are 3 Steps involved in it
a Rent Expense 4650 Miscellaneous Expense 4650 Rent Expense 4650 Cash 4650 The first entry in a ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
1139-B-A-G-F-A(11190).docx
120 KBs Word File
