Jenkins Company has employed a bookkeeper who is inexperienced. On December 27, after reviewing the records for the year, you discover the following error.

On July 31, Jenkins Company paid a supplier $820 on account. The bookkeeper recorded this by debiting Supplies $280 and crediting Accounts Payable for $280.

Required:

Prepare a correcting entry on December 27. Make sure to enter the day for each separate transaction