Homework Answers
| Account titles and Explanation | Debit | Credit | ||
| 1 | Supplies | 760 | ||
| Equipment | 200 | |||
| Cash | 560 | |||
| 2 | Cash | 270 | ||
| Dividends | 530 | |||
| Salaries and Wages expense | 800 | |||
| 3 | Accounts payable | 470 | =700-230 | |
| Cash | 470 |
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Oriole Company has an inexperienced accountant. During the first month on the job, the accountant made...
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Ayayai Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. A payment on account of $790 to a creditor was debited to Accounts Payable $410 and credited to Cash $410. 2. The purchase of supplies on account for $900 was debited to Equipment $90 and credited to Accounts Payable $90. 3. A $200 cash dividend was debited to Salaries and...
Crane Company has an inexperienced accountant. During the first two weeks on the job, the accountant...
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Blossom Company has an inexperienced accountant. During the first two weeks on the job, the accountant...
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An inexperienced accountant for Huang Company made the following errors in recording merchandising transactions.
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Sheridan Company has an inexperienced accountant.
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Exercise 5-11An inexperienced accountant for Larkspur, Inc. made thefollowing errors in recording merchandising transactions....
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Quality Services Inc. made the following accounting errors during a recent month. Requirement: Prepare the necessary...
Quality Services Inc. made the following accounting errors during a recent month. Requirement: Prepare the necessary adjusting journal entries to correct these errors. 1. The company recorded a $450 purchase of supplies on account by debiting Supplies and crediting Accounts payable for $540. 2. In journalizing a receipt of cash for service revenue, cash was debited for $120 instead of the correct amount of $1200. The credit was correct. 3. In recording an $800 payment on account, Accounts receivable was...
Please Solve These Questions From E4-12 to E4-14 E4-12 Max Weinberg Company discovered the following errors...
Please Solve These Questions From E4-12 to E4-14
E4-12 Max Weinberg Company discovered the following errors made in January 2010. 1. A payment of Salaries Expense of $600 was debited to Equipment and credited to Cash, both for $600. 2. A collection of $1,000 from a client on account was debited to Cash $100 and credited to Service Revenue $100. 3. The purchase of equipment on account for $980 was debited to Equipment $890 and credited to Accounts Payable $890....
Crane Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted. 1. A payment on account of $690 to a creditor was debited $590 to Accounts Payable and credited $590 to Cash. 2. The purchase of supplies on account for $620 was not recorded. 3. A $470 withdrawal of cash for L. Crane's personal use was debited $470 to Salaries Expense and credited...
Blossom Company has an inexperienced accountant. During the first two weeks on the job, the accountant made the following errors in journalizing transactions. All incorrect entries were posted 1. A payment on account of 5690 to a creditor was debited $580 to Accounts Payable and credited $580 to Cash. 2. The purchase of supplies on account for $630 was not recorded 3. A $410 withdrawal of cash for L. Blossom's personal use was debited $410 to Salaries Expense and credited...
Please Solve These Questions From E4-12 to E4-14
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