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Noah Bahr Company discovered the following errors made in January 2017. A payment of Salaries and Wages Expenses of $700 was debited to equipment and
Noah Bahr Company discovered the following errors made in January 2017. A payment of Salaries and Wages Expenses of $700 was debited to equipment and to Cash, both for $700. A collection of $1,000 from a client on account was debited to Cash $100 and to service revenue $100. the purchase of equipment on account for $760 was debited to Equipment $670 credited to Accounts payable $670. Correct the errors by reversing the incorrect entry and preparing the correct the errors without reversing the incorrect entry
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