Question
A new accountant prepared the following general journal entry on March 31, 2024, for Rock Castle Construction. The general journal entry includes an error. Choose
A new accountant prepared the following general journal entry on March 31, 2024, for Rock Castle Construction. The general journal entry includes an error. Choose the best explanation of the error from the choices provided. DR: 60600 Bank Service Charges $175 CR: 10100 Checking $157 Bank service charge for February
Please add checkmark next to the correct answer(s).1The bank service charge expense should have been credited, not debited.
2The checking account should have been debited, not credited.
3The total debits do not equal the total credits.
4All of the above
5None of the above
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