On July 7 Video Connection’s accounting supervisor discovered that a July 3 transaction had been recorded incorrectly. The transaction, involving the purchase of advertising in the local newspaper with a $300 check, was incorrectly journalized and posted to the Rent Expense account. In your working papers, record and post the correcting entry using Memorandum 13 as the source document.

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T VIDEO Connection MEMORANDUM 13 TO: FROM: Accounting Clerk Accounting Manager DATE: July 7, 20-- SUBJECT: Correction of error On July 3, we paid $300 for advertising in the Daily News Record that was incorrectly journalized and posted to the Rent Expense account. Please record the necessary entry to correct this error.