Question: Assuming that all entries have been posted, prepare correcting entries for each of the following errors. 1. The following entry was made to record the
Assuming that all entries have been posted, prepare correcting entries for each of the following errors.
1. The following entry was made to record the purchase of $700 in supplies on account:
2. The following entry was made to record the payment of $450 in wages:
3. The following entry was made to record a $300 payment to a supplier on account:
142 101 700 Supplies Cash 700 450 Rent Expense Cash 521 101 450 100 Supplies Cash 142 101 100
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