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For each of the following incorrect entries. Entry Description Debit Credit a. Office Supplies 1,800 Cash 1,800 (Purchase of office supplies on credit.) b. Cash
For each of the following incorrect entries.
Entry Description Debit Credit a. Office Supplies 1,800 Cash 1,800 (Purchase of office supplies on credit.) b. Cash 4,500 Revenue 4,500 (Received from customer. A credit customer paid their account in full) c. Salaries Expense 1,500 Cash 1,500 (Withdrawal of cash for personal use.) d. Cash 750 Accounts Receivable 750 (Performed services and received payment from customer on the same day.)
Journalize the appropriate correcting entry(ies).
For each of the following incorrect entries.
| Entry | Description | Debit | Credit |
| a. | Office Supplies | 1,800 | |
| Cash | 1,800 | ||
| (Purchase of office supplies on credit.) | |||
| b. | Cash | 4,500 | |
| Revenue | 4,500 | ||
| (Received from customer. A credit customer paid their account in full) | |||
| c. | Salaries Expense | 1,500 | |
| Cash | 1,500 | ||
| (Withdrawal of cash for personal use.) | |||
| d. | Cash | 750 | |
| Accounts Receivable | 750 | ||
| (Performed services and received payment from customer on the same day.) | |||
Journalize the appropriate correcting entry(ies).
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
