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Try Again One or more of the account titles you entered are incorrect. Flores Company has employed a bookkeeper who is inexperienced. On December 30,
Try Again One or more of the account titles you entered are incorrect. Flores Company has employed a bookkeeper who is inexperienced. On December 30, after reviewing the records for the year, you discover the following error. On July 31, Flores Company paid a supplier $490 on account. The bookkeeper recorded this by debiting Supplies $940 and crediting Accounts Payable for $940. Required: Prepare a correcting entry on December 30. Make sure to enter the day for each separate transaction. Date Account Title Debit Credit Dec. 30 Cash 490 Supplies 940 Supplies Expense Accounts Payable xo
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