The following errors took place in journalizing and posting transactions: a. Utilities expense of $7,300 paid for
Question:
The following errors took place in journalizing and posting transactions:
a. Utilities expense of $7,300 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Utilities Expense.
b. The payment of $6,100 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.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
a Utilities Expense 7300 Miscellaneous Expense 7300 Utilities Expense 7300 Cash 7300 The first ent...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Corporate Financial Accounting
ISBN: 978-1133952411
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Accounting questions
-
The following errors took place in journalizing and posting transactions: a. A withdrawal of $20,000 by Joel Goodson, owner of the business, was recorded as a debit to Wages Expense and a credit to...
-
The following errors took place in journalizing and posting transactions: a. A $940 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable. b. Cash...
-
The following errors took place in journalizing and posting transactions: a. Cash of $3,750 received on account was recorded as a debit to Fees Earned and a credit to Cash. b. A $1,500 purchase of...
-
In Problems 4352, graph each system of linear inequalities. State whether the graph is bounded or unbounded, and label the corner points. 0 x y 0 x + y = 1 x + y 7 2x + y 10
-
Commercial aqueous nitric acid has a density of 1.42 g/mL and is 16 M. Calculate the percent HNO3 by mass in the solution?
-
Which of the following statements is true? a. Scatterplots show values of two variables each plotted on its own axis to exhibit potential trends. b. Scatterplots show values of two variables each...
-
Why is it necessary to serve nonparty witnesses with a subpoena to appear at trial?
-
Determine the components of the reactions at A and E when a counterclockwise couple of magnitude120 N m is applied to the frame (a) At B, (b) At D. 100mm - 400 mm 250 m
-
On January 1 , 2 0 1 9 , Aspen Company acquired 8 0 percent of Birch Company\'s voting stock for $ 3 2 8 , 0 0 0 . Birch reported a $ 3 3 5 , 0 0 0 book value, and the fair value of the...
-
Draw a cis peptide bond and identify the groups that experience steric interference.
-
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be...
-
The following errors took place in journalizing and posting transactions: a. The receipt of $8,400 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. b....
-
T. Gargour & Fils is the exclusive and sole agent of Mercedes-Benz in Lebanon. Indian Railways is a government monopoly of rail transportation in India. Canada Post maintains a monopoly on letters...
-
When turned on, a record player takes 2.1 seconds to go from rest to spinning at a constant 45 revolutions per minute. What is its angular acceleration? How many degrees does the record player spin...
-
A pen drops out of a sailor's hand while she is at the top of a mast. She times the knife's drop to the deck and measures 1.3 s. a) How high was she up the mast? b) With what speed did the pen hit...
-
What are the critical review to appraise several key and current issues in construction management, and make judgements about likely future medium-term developments. Ensure your writing embraces...
-
Give your view on how friction benefits your daily life. You should give several examples supporting your view. Question 2 Figure 1 shows the mine car, and its contents have a total mass of 5000 kg...
-
Prompt Pilgrimage is a shared aspect of the religions covered in this module and in the module for Week 5. People make pilgrimages to Buddhist and Shinto shrines, Mecca, and churches like Chartres...
-
Plants that have seedless fruit must be reproduced through vegetative propagation. True/False
-
Prove the formula for (d/dx)(cos-1x) by the same method as for (d/dx)(sin-1x).
-
For the public capital data, derive a similar table to test the hypotheses given in Table 4.1. Table 4.1 Test results for the grunfeld example Ho Ho 798.162 (3.841) 6.454 (3.841) 28.252 (1.645)...
-
Summary operating data for Custom Wire & Tubing Company during the year ended April 30, 2016, are as follows: cost of merchandise sold, $6,100,000; administrative expenses, $740,000; interest...
-
Paragon Tire Co.'s perpetual inventory records indicate that $2,780,000 of merchandise should be on hand on March 31, 2016. The physical inventory indicates that $2,734,800 of merchandise is actually...
-
Paragon Tire Co.'s perpetual inventory records indicate that $2,780,000 of merchandise should be on hand on March 31, 2016. The physical inventory indicates that $2,734,800 of merchandise is actually...
-
Each below using correct grammar, punctuation and complete sentences. 1. Discuss some methods that used to prevent school or college campus violence. 2. Name and discuss some of the methods personal...
-
The plaintiff is a "human cannonball" who shoots himself out of a cannon at county fairs. Does either of the following situations constitute appropriation? a. The defendant tapes a video of the stunt...
-
1. Locate a deed from Texas and then answer the following questions: What language does the deed have concerning consideration? Explain what the covenant of seizin is. Does the deed contain a...
Study smarter with the SolutionInn App