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On March 18, the accountant for Chubby Chicken Drive-In found an error in the recording of a payment from February 28, and the following correcting
On March 18, the accountant for Chubby Chicken Drive-In found an error in the recording of a payment from February 28, and the following correcting journal entry was prepared, dated February 28: Dr. Supplies 2,360 Cr. Supplies Expense 2.360 The invoice was paid on March 10. When should the correcting journal entry have been made? The date of the correcting entry should be the date the error was found, not the transaction date. The date of the correcting entry should be the date the invoice was paid, not the transaction date. The date of the correcting entry should be the March 31, which is the date adjusting entries would be recorded. It is impossible to say as there is not enough information provided
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