Question
BE4.7 (LO 2) AP At Hbert Company, the following errors were discovered after the transactions had been journalized and posted: Identify impact of errors. A
BE4.7 (LO 2) AP At Hbert Company, the following errors were discovered after the transactions had been journalized and posted:
Identify impact of errors.
A collection of cash on account from a customer for $750 was recorded as a debit to Cash of $750 and a credit to Service Revenue of $750.
An invoice to a customer for $600 of services on account was recorded as a $600 debit to Accounts Receivable and a $600 credit to Unearned Revenue.
A $500 cash payment to the owner, Roch Hbert, was recorded as a debit to Salaries Expense of $500 and a credit to Cash of $500.
Prepare the correcting entries.
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