The following errors took place in journalizing and posting transactions:
The following errors took place in journalizing and posting transactions:
a. Dividends of $5,000 were recorded as a debit to Office Expense and a credit to Cash.
b. Accounts receivable payment for $7,800 was recorded as a debit to Cash and a credit to Fees Eaned.
Required:
Joumalize the entries to correct the errors. Refer to the Chart of Accounts for exact wording of account titles.
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The following errors took place in journalizing and posting transactions:
The following errors took place in journalizing and posting transactions! a. Dividends of $5,000 were recorded...
The following errors took place in journalizing and posting transactions! a. Dividends of $5,000 were recorded as a debit to Office Expense and a credit to Cash b. Accounts receivable payment for $7.800 was recorded as a debit to Cash and a credit to Fees Earned. Required: Journalize the entries to correct the errors. Refer to the Chart of Accounts for exact wording of account titles
Instruction Chart of Accounts General Journal Instruction The following errors took place in journalizing and posting...
Instruction Chart of Accounts General Journal Instruction The following errors took place in journalizing and posting transactions: a. Dividends of $5,000 were recorded as a debit to Office Expense and a credit to Cash. b. Accounts receivable payment for $7,800 was recorded as a debit to Cash and a credit to Fees Eamed. Required: Journalize the entries to correct the errors. Refer to the Chart of Accounts for exact wording of account titles. Previous
The following errors took place in journalizing and posting transactions:
Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Cash of $3,200 received on account was recorded as a debit to Fees Eaned and a credit to Cash. Journalize the entry to correct the error. If an amount box does not require an entry, leave it blank. b. A $1,660 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable. Journalize the entries to correct the error. Note:...
The following errors took place in journalizing and posting transactions:
Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Cash of $4,530 received on account was recorded as a debit to Fees Earned and a credit to Cash. Prepare the entry to reverse the original entry first. b. A $700 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable. Note: Jnormalize the entries to correct the errors. If an amount box does not require an entry, leave it blank.
nstructions Journal The following errors took place in journalizing and posting transactions: Journalize the entries on...
nstructions Journal The following errors took place in journalizing and posting transactions: Journalize the entries on December 31 to correct the errors. Use two entries to correct the error described in A. (That is, record an entry to reverse the incorrect entry and a second entry to record the corre a. Insurance of $18,000 paid for the current year was recorded as a debit to Insurance Expense and a credit wording of account titles. to Prepaid Insurance b. Dividends of...
eBook Show Me How Calculator Print Item Entries to correct Errors The following errors took place...
eBook Show Me How Calculator Print Item Entries to correct Errors The following errors took place in journalizing and posting transactions: a. Insurance of $7,200 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance. b. A withdrawal of $16,000 by Brian Phillips, owner of the business, was recorded as a debit to Wages Expense and a credit to Cash. Journalize the entries to correct the errors. For part a, first...
On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the...
On January 1, 2019, Sharon Matthews established Tri-City Realty,
which completed the following transactions during the month:
Jan.
1
Sharon Matthews transferred cash from a personal bank account
to an account to be used for the business, $40,000.
2
Paid rent on office and equipment for the month, $6,000.
3
Purchased supplies on account, $3,200.
4
Paid creditor on account, $1,750.
5
Earned fees, receiving cash, $18,250.
6
Paid automobile expenses (including rental charge) for month,
$1,880, and miscellaneous expenses,...
On January 1, 2019, Sharon Matthews established Tri-City Realty, which completed the following transactions during the...
On January 1, 2019, Sharon Matthews established Tri-City Realty,
which completed the following transactions during the month:
Jan.
1
Sharon Matthews transferred cash from a personal bank account
to an account to be used for the business, $40,000.
2
Paid rent on office and equipment for the month, $6,000.
3
Purchased supplies on account, $3,200.
4
Paid creditor on account, $1,750.
5
Earned fees, receiving cash, $18,250.
6
Paid automobile expenses (including rental charge) for month,
$1,880, and miscellaneous expenses,...
Instruction Chart of Accounts Journal A 1: III nstructions On March 1, it was discovered that...
Instruction Chart of Accounts Journal A 1: III nstructions On March 1, it was discovered that the following errors took place in joumaizing and posting transactions: a. Rent Expense of $4,800 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense. b. The payment of $3,300 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable. Journalize the entries on March 1 to...
Chart of Accounts General Journal Instructions Prepare the December 31 hdjusting entries for the following transactions...
Chart of Accounts General Journal Instructions Prepare the December 31 hdjusting entries for the following transactions 1. Fees accrued but not billed, $6,300. 2. The Supplies account balance on December 31, $4,750, Supplies on hand, $960. 3. Wages accrued but not paid, $2,700. 4. Depreciation of office equipment, $1,650. 5. Rent expired during year, $10,800. General Journal Prepare the December 31 adjusting entries for each transactions. Refer to the Chart of Accounts for exact wording of account titles PAGE 1...
The following errors took place in journalizing and posting transactions! a. Dividends of $5,000 were recorded as a debit to Office Expense and a credit to Cash b. Accounts receivable payment for $7.800 was recorded as a debit to Cash and a credit to Fees Earned. Required: Journalize the entries to correct the errors. Refer to the Chart of Accounts for exact wording of account titles
Instruction Chart of Accounts General Journal Instruction The following errors took place in journalizing and posting transactions: a. Dividends of $5,000 were recorded as a debit to Office Expense and a credit to Cash. b. Accounts receivable payment for $7,800 was recorded as a debit to Cash and a credit to Fees Eamed. Required: Journalize the entries to correct the errors. Refer to the Chart of Accounts for exact wording of account titles. Previous
nstructions Journal The following errors took place in journalizing and posting transactions: Journalize the entries on December 31 to correct the errors. Use two entries to correct the error described in A. (That is, record an entry to reverse the incorrect entry and a second entry to record the corre a. Insurance of $18,000 paid for the current year was recorded as a debit to Insurance Expense and a credit wording of account titles. to Prepaid Insurance b. Dividends of...
eBook Show Me How Calculator Print Item Entries to correct Errors The following errors took place in journalizing and posting transactions: a. Insurance of $7,200 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance. b. A withdrawal of $16,000 by Brian Phillips, owner of the business, was recorded as a debit to Wages Expense and a credit to Cash. Journalize the entries to correct the errors. For part a, first...
On January 1, 2019, Sharon Matthews established Tri-City Realty,
which completed the following transactions during the month:
Jan.
1
Sharon Matthews transferred cash from a personal bank account
to an account to be used for the business, $40,000.
2
Paid rent on office and equipment for the month, $6,000.
3
Purchased supplies on account, $3,200.
4
Paid creditor on account, $1,750.
5
Earned fees, receiving cash, $18,250.
6
Paid automobile expenses (including rental charge) for month,
$1,880, and miscellaneous expenses,...
On January 1, 2019, Sharon Matthews established Tri-City Realty,
which completed the following transactions during the month:
Jan.
1
Sharon Matthews transferred cash from a personal bank account
to an account to be used for the business, $40,000.
2
Paid rent on office and equipment for the month, $6,000.
3
Purchased supplies on account, $3,200.
4
Paid creditor on account, $1,750.
5
Earned fees, receiving cash, $18,250.
6
Paid automobile expenses (including rental charge) for month,
$1,880, and miscellaneous expenses,...
Instruction Chart of Accounts Journal A 1: III nstructions On March 1, it was discovered that the following errors took place in joumaizing and posting transactions: a. Rent Expense of $4,800 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Rent Expense. b. The payment of $3,300 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable. Journalize the entries on March 1 to...
Chart of Accounts General Journal Instructions Prepare the December 31 hdjusting entries for the following transactions 1. Fees accrued but not billed, $6,300. 2. The Supplies account balance on December 31, $4,750, Supplies on hand, $960. 3. Wages accrued but not paid, $2,700. 4. Depreciation of office equipment, $1,650. 5. Rent expired during year, $10,800. General Journal Prepare the December 31 adjusting entries for each transactions. Refer to the Chart of Accounts for exact wording of account titles PAGE 1...
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