Question
Question 3 On April 2, 2016, you discovered that your newly hired bookkeeper made an error when recording a transaction the previous day. The errant
Question 3
On April 2, 2016, you discovered that your newly hired bookkeeper made an error when recording a transaction the previous day. The errant bookkeeper posted a cash payment of repair expense on the truck for $163 was recorded as a debit to Equipment $136 and a credit to Cash $136. Prepare the compound general journal entry (without explanation) needed to correct this error. If no entry is required then write "No Entry Required."
General Journal
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
