On August 22, 2019, an employee of Bell Company mistakenly debited the Repair Expense account rather than the Truck Expense account when recording a bill of $780 for repairs
On August 22, 2019, an employee of Bell Company mistakenly debited the Repair Expense account rather than the Truck Expense account when recording a bill of $780 for repairs. The error was discovered on October 1. Prepare a general journal entry to correct the error View transaction list Journal entry worksheet Record the entry to correct the August 22 error.
Homework Answers
In the corrected journal entry, we will debit the the account that should have been debited earlier i.e. Truck expense account. And we will credit the account that was debited erroneously earlier. Corrected journal entry is:
Corrected journal entry is:
| Date | General Journal | Debit | Credit |
| Oct 01, 2019 | Truck expense | $780 | |
| Repair expense | $780 | ||
| (for correcting the error of Aug 22 entry) |
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On August 22, 2019, an employee of Bell Company mistakenly debited the Repair Expense account rather than the Truck Expense account when recording a bill of $780 for repairs
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