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ivanhoe company has an inexperienced accountant . During the first two weeks on the job, the accountant made the following errors in jouralizing transactions. All

ivanhoe company has an inexperienced accountant . During the first two weeks on the job, the accountant made the following errors in jouralizing transactions. All incorrect entries were posted image text in transcribed
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Question 1 of 5 -/1 View Policies Current Attempt in Progress Ivanhoe Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted. ? Apayment on account of $750 to a creditor was debited $640 to Accounts Payable and credited $640 to Cash 2. The purchase of supplies on account for $580 was not recorded 3. A$300 withdrawal of cash for LIvanhoe's personal use was debited $300 to Salaries Expense and credited $300 to Cash 4. Received $700 cash from a customer on account. Cash was debited $700 and Service Revenue was credited $700 A customer was billed $410 for services provided. Accounts Receivable was debited $410 and Unearned Revenue was credited $410 5. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debut Credit ye here to reach 7 17 8 9 O 3 1 7 0 P W E T mer A K H G L J S F D 7 shitto 1 V C B N M Ctrl oll NO assessment.edu ment -11 III Debit Credit Account Titles and Explanation 2 3 9 O 8 6 7 5 3 1 O P Y R W E K L G H S D F shin . M N B V Ctrl alt al

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