At Piccola Pasta Sauce, the following errors were discovered after the transactions had been journalized and posted.

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At Piccola Pasta Sauce, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries. LO8 1. A collection on account from a customer for $780 was recorded as a debit to Cash $780 and a credit to Service Revenue $780.

2. The purchase of store supplies on account for $1,730 was recorded as a debit to Store Supplies

$1,370 and a credit to Accounts Payable $1,370.

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Hospitality Financial Accounting

ISBN: 9780471270553

1st Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel, Agnes L DeFranco

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