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*QS 3-20 Correcting entries LO8 The following entry was recorded on January 10. Jan. 10 Office Furniture... Accounts Payable.. To record purchase of computer
*QS 3-20 Correcting entries LO8 The following entry was recorded on January 10. Jan. 10 Office Furniture... Accounts Payable.. To record purchase of computer equipment by borrowing from the bank. 25,000 25,000 At month-end, it was discovered that on January 10, computer equipment was purchased for $25,000 by borrowing from the bank. Prepare the correcting entry required on January 31.
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