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Question 1 1 of 2 View Policies Current Attempt In Progress -/5 E ! Sandhill Company has an inexperienced accountant. During the first 2
Question 1 1 of 2 View Policies Current Attempt In Progress -/5 E ! Sandhill Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1 A payment on account of $940 to a creditor was debited to Accounts Payable $490 and credited to Cash $490. 2 The purchase of supplies on account for $500 was debited to Equipment $50 and credited to Accounts Payable $50. 3. A $600 withdrawal of cash for N. Sandhill's personal use was debited to Salaries and Wages Expense $600 and credited to Cash $600. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Account Titles and Explanation 1. Debit Credit 2. 3.
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