Question
Hi I had a question a homework question on how to zero out an account. I had to zero out a WIP account in june
Hi I had a question a homework question on how to zero out an account. I had to zero out a WIP account in june by credting the WIP account for $582.17 and debiting a accounts payable account by 582.17. I accidentally credited the WIP account 582.17 and then debited the same WIP account for 582.17. How would I fix this so the account zeros out.
What I actually had to do
What I did by mistake I posted this as a reversing enrty
someone told me to do this, but I dont get how the second part would fix it? the one for 01-07-2023 wouldent that just double up the same thing I did the first time? I just want my 582.17 to net zero
\\begin{tabular}{|r|r|l|} \\hline \\multicolumn{1}{|l|}{ debit } & \\multicolumn{1}{|c|}{ credit } & \\\\ \\hline 582.17 & 582.17 & WIP \\\\ \\hline & Accounts Payable \\\\ \\hline \\end{tabular} The entries with rectification is as follows
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