Question
E4-13 Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All
E4-13 Keenan Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. A payment on account of $840 to a creditor was debited to Accounts Payable $480 and credited to Cash $480. 2. The purchase of supplies on account for $560 was debited to Equipment $56 and cred- ited to Accounts Payable $56. 3. A $500 withdrawal of cash for P. Keenan's personal use was debited to Salaries and Wages Expense $500 and credited to Cash $500. Instructions Prepare the correcting entries.
I need it with steps not just table please.
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