Question
TRUE OR FALSE In preparing the bank reconciliation, you discover check #1010, for $99, payable to J. Petterson, the owner, for personal use, was written
TRUE OR FALSE In preparing the bank reconciliation, you discover check #1010, for $99, payable to J. Petterson, the owner, for personal use, was written correctly but was recorded in the accounting records for $69. True or false: the entry to correct this error is to debit Cash, $30, and credit J. Petterson, Drawing, $30.
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Cost Accounting With Integrated Data Analytics
Authors: Karen Congo Farmer, Amy Fredin
1st Edition
1119731860, 9781119731863
