Question
A payment of 350 to creditors was journalized as 300. To correct this error, the accountant should: a. None of the given answers is correct.
A payment of 350 to creditors was journalized as 300. To correct this error, the accountant should:
a. None of the given answers is correct.
b. Debit Cash, 50; credit Supplies, 50.
c. Debit Cash, 50; credit Creditors, 50.
d. Debit Cash, 30; credit Cash, 30.
e. Debit Creditors, 50; credit Cash, 50
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Financial Accounting Reporting And Analysis
Authors: Jennifer Maynard
2nd Edition
0198745311, 9780198745310
