Question
3) The bookkeeper of Fire Steel Inc. recorded a $1,524.00 check as $15,240 in payment of the current month's rent. Which of the following journal
3) The bookkeeper of Fire Steel Inc. recorded a $1,524.00 check as $15,240 in payment of the current
month's rent. Which of the following journal entries is needed to adjust for this error in the books of the
company?
A)
Cash 13,716
Sales Revenue 13,716
B)
Rent Expense 15,240
Cash 15,240
C)
Cash 13,716
Rent Expense 13,716
D)
Booking Error 1,524
Cash 1,524
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
