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Dao Vang reviewed the records and found the following errors. 1. Cash received from a customer on account was recorded as $950 instead of $590.
Dao Vang reviewed the records and found the following errors. 1. Cash received from a customer on account was recorded as $950 instead of $590. 2. A payment of $71 for advertising expense was entered as a debit to Miscellaneous Expense $71 and a credit to Cash $71 3. The first salary payment this month was for $1,800, which included $700 of salaries payable on March 31. The payment was recorded as a debit to Salaries and Wages Expense $1,800 and a credit to Cash $1,800. (No reversing entries were made on April 1.) The purchase on account of a printer costing $330 was recorded as a debit to Supplies and a credit to Accounts Payable for $330. A cash payment of repair expense on equipment for $91 was recorded as a debit to Equipment $19 and a credit to Cash $19. 4. 5. (a) Your answer is partially correct. Try again. Prepare an analysis of each error showing the incorrect entry, the correct entry, and the correcting entry. Items 4 and 5 occurred on April 30, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) INCORRECT ENTRY No. Account Titles and Explanation 1. Cash Debit Credit 950 Accounts Receivable 950 2. Miscellaneous Expense 71 Cash 71
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