Connect Exercise (due Mon Help Sove & Exit Sub Bertrand Inc purchased some shop equipment for...

Question

Question

Connect Exercise (due Mon Help Sove & Exit Sub Bertrand Inc purchased some shop equipment for $5700 in cash By mistake, the j

Answer 1

Answer #1

The correct entry required to be passed was a debit to Shop Equipment and a credit to cash

Entry wrongly passed is a debit to Office Equipment and credit to cash

Hence, the correcting entry would be a debit to shop equipment $5700 and a credit to office Equipment $5700

i.e. first one

Answer 2

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