The following errors took place in journalizing and posting transactions: a. The payment of $3,125 from a
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a. The payment of $3,125 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.
b. Advertising expense of $1,500 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Advertising Expense.
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a Accounts Payable 3125 Accounts Receivable 3125 b A...View the full answer
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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