Homework Answers
| Date | Account titles and explanation | Debit(in $) | Credit(in $) | |||
| June 30,2019 | Utilities expense | 900 | ||||
| Telephone expense | 900 | |||||
| (To error made rectified) | ||||||
| Explanation: | ||||||
| The wrong entry which had been passed is debit to Telephone expense and credit to cash. | ||||||
| However Utilities expense should had been debited, hence to rectify the error Utilities expense has been | ||||||
| debited and the wrong debit of Telephone expenses is credited to nullify the effect. | ||||||
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