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Exercise 4-12 a-b (Part Level Submission) (Video) Oriole Company discovered the following errors made in January 2020. 1. 2. 3. A payment of Salaries and
Exercise 4-12 a-b (Part Level Submission) (Video) Oriole Company discovered the following errors made in January 2020. 1. 2. 3. A payment of Salaries and Wages Expense of $460 was debited to Equipment and credited to Cash, both for $460. A collection of $6,000 from a client on account was debited to Cash $600 and credited to Service Revenue $600. The purchase of equipment on account for $190 was debited to Equipment $720 and credited to Accounts Payable $720. No. Account Titles and Explanation Debit Credit 1. (To reverse the incorrect entry) (To record the correct entry) 2. (To reverse the incorrect entry) (To record the correct entry) 3 . (To reverse the incorrect entry)
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