Question
a. Utilities expense of $7,300 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Utilities Expense. Note:
a. Utilities expense of $7,300 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Utilities Expense. Note: Prepare the entry to reverse the original entry first.
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b. The payment of $6,100 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.
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