Question
Finding and Correcting Errors On May 25, after the transactions had been posted, Joe Adams discovered that the following entry contains an error. The cash
Finding and Correcting Errors
On May 25, after the transactions had been posted, Joe Adams discovered that the following entry contains an error. The cash received represents a collection on account, rather than new service fees.
| 20-- May 23 | Cash | 101 | 1,000.00 | |
|---|---|---|---|---|
| Service Fees | 401 | 1,000.00 | ||
| Received cash for services previously earned |
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
