Consider each of the following errors individually, and indicate whether the error would cause the adjusted trial
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a. The adjustment for accrued wages of $4,150 was journalized as a debit to Wages Expense for $4,150 and a credit to Accounts Payable for $4,150.
b. The entry for $1,290 of supplies used during the period was journalized as a debit to Supplies Expense of $1,290 and a credit to Supplies of $1,920.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Related Book For
Accounting
ISBN: 978-0176509743
Volume 1, 2nd canadian Edition
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
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