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Cornerstone Exercise 4-18 (Algorithmic) Adjusting Entry from Bank Reconciliation A customer of Mutare paid for merchandise originally purchased on account with a check that has

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Cornerstone Exercise 4-18 (Algorithmic) Adjusting Entry from Bank Reconciliation A customer of Mutare paid for merchandise originally purchased on account with a check that has been erroneously entered into Mutare's cash account for $490 (it actually has been issued and paid for $940). Required: Record the appropriate journal entry to correct the error. Cash Accounts Receivable (Correct error in recording cash receipt)

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