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The following errors in recording the transactions for June were discovered in the general journal the next month after the data had been posted to
The following errors in recording the transactions for June were discovered in the general journal the next month after the data had been posted to the ledger. June 1 Discovered that a purchase of supplies for $950 cash was recorded as a debit to Equipment and a credit to Cash 2 Discovered that a check for $2,600 to the owner, Hank Rudolph, to pay one month's rent on his personal apartment was recorded as a debit to Rent Expense and a credit to Cash 3 Discovered that a receipt of 56,000 cash from a credit customer was recorded as a debit to cash and a credit to Accounts Payable. 4 Discovered that $650 services performed on credit were recorded as a debit to cash and a credit to Fees Income Record the necessary correcting entries. View transaction list Journal entry worksheet
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