Exercise 5-11

An inexperienced accountant for Wildhorse Co. made the following errors in recording merchandising transactions.

1.		A $320 refund to a customer for faulty merchandise was debited to Sales Revenue $320 and credited to Cash $320.
2.		A $191 credit purchase of supplies was debited to Inventory $191 and credited to Cash $191.
3.		A $270 sales discount was debited to Sales Revenue.
4.		A cash payment of $21 for freight on merchandise purchases was debited to Freight-Out $210 and credited to Cash $210.

Prepare separate correcting entries for each error, assuming that the incorrect entry is not reversed. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

No.	Account Titles and Explanation	Debit	Credit
1.
2.
3.
4.