Keenan Company has an inexperienced accountant
keenan 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 postaed as made
1: a payment on account of $840 to a creditor was debited to accounts payable $480 and credited to cash $480
2: the purchase of supplies on account for $560 was debited to equipment $56 and credited to accounts payable $56
3: a $500 cash dividend was debited to saleries and wages expense $500 and credited to cash $500
prepare the correcting entries
Homework Answers
Request Answer!
We need at least 10 more requests to produce the answer.
0 / 10 have requested this problem solution
The more requests, the faster the answer.
Ayayai Company has an inexperienced accountant. During the first 2 weeks on the job, the accountant...
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...
Oriole Company has an inexperienced accountant. During the first month on the job, the accountant made...
Oriole Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200. 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800. 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and...
Sheridan Company has an inexperienced accountant.
Sheridan 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. Apoyment on account of $ 700 to a creditor was debited $ 610 to Accounts Payable and credited $ 610 to Cash.2. The purchase of supplies on account for $ 570 was not recorded,3. A $ 470 withdrawal of cash for L. Sheridan's personal use was debited $470 to Salaries Expense and...
Blossom Company has an inexperienced accountant. During the first two weeks on the job, the accountant...
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...
Crane Company has an inexperienced accountant. During the first two weeks on the job, the accountant...
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...
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....
An inexperienced accountant for Huang Company made the following errors in recording merchandising transactions.
Exercise 5-11An inexperienced accountant for Huang Company made the following errors in recording merchandising transactions.1. A $ 195 refund to a customer for faulty merchandise was debited to Sales Revenue $ 195 and credited to Cash $ 195.2. A $ 180 credit purchase of supplies was debited to Inventory $ 180 and credited to Cash $ 180.3. A $ 215 sales discount was debited to Sales Revenue.4. A cash payment of $ 20 for freight on merchandise purchases was debited...
Exercise 5-11 An inexperienced accountant for Wildhorse Co. made the following errors in recording merchandising transactions....
Exercise 5-11 An inexperienced accountant for Wildhorse Co. made the following errors in recording merchandising transactions. 1. A $320 refund to a customer for faulty merchandise was debited to Sales Revenue $320 and credited to Cash $320. 2. A $191 credit purchase of supplies was debited to Inventory $191 and credited to Cash $191. 3. A $270 sales discount was debited to Sales Revenue. 4. A cash payment of $21 for freight on merchandise purchases was debited to Freight-Out $210...
Exercise 5-11An inexperienced accountant for Larkspur, Inc. made thefollowing errors in recording merchandising transactions....
Exercise 5-11An inexperienced accountant for Larkspur, Inc. made the following errors in recording merchandising transactions.1.A $310 refund to a customer for faulty merchandise was debited to Sales Revenue $310 and credited to Cash $310.2.A $281 credit purchase of supplies was debited to Inventory $281 and credited to Cash $281.3.A $150 sales discount was debited to Sales Revenue.4.A cash payment of $41 for freight on merchandise purchases was debited to Freight-Out $410 and credited to Cash $410.Prepare separate correcting entries for...
Prepare the necessary correcting entry for each of the following. (Credit account titles are automatically indented...
Prepare the necessary
correcting entry for each of the following. (Credit account titles
are automatically indented when the amount is entered. Do not
indent manually.) a. A payment on account of $840 was debited to
Accounts Payable $480 and credited to Cash $480. b. The collection
of Accounts Receivable of $680 was recorded as a debit to Cash $680
and a credit to Service Revenue $680.
Question 6 Prepare the necessary correcting entry for each of the following. (Credit account...
Oriole Company has an inexperienced accountant. During the first month on the job, the accountant made the following errors in journalizing transactions. All entries were posted as made. 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200. 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800. 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and...
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...
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...
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....
Prepare the necessary
correcting entry for each of the following. (Credit account titles
are automatically indented when the amount is entered. Do not
indent manually.) a. A payment on account of $840 was debited to
Accounts Payable $480 and credited to Cash $480. b. The collection
of Accounts Receivable of $680 was recorded as a debit to Cash $680
and a credit to Service Revenue $680.
Question 6 Prepare the necessary correcting entry for each of the following. (Credit account...
Most questions answered within 3 hours.
-
Which for loop is implemented correctly in Java?
Group of answer choices
for (i = 0...
asked 30 minutes ago -
Required information
[The following information applies to the questions
displayed below.]
In 2019, Alliant Corporation acquired...
asked 48 minutes ago -
How much must I invest today if I want to withdraw 1/3 of my
original investment...
asked 2 hours ago -
What is meant by a “term premium”?
What can explain such a premium? Is it a...
asked 4 hours ago -
23. Which molecule has only covalent bonds? A. CO2 B. Al2O3 C.
Mg3N2
24. The octet...
asked 4 hours ago -
the
total pressure for a mixture of N2O4 and NO2 is 2.20 atm. If Kp=
7.10...
asked 5 hours ago -
Delaware Corp. prepared a master budget that included $22,385
for direct materials, $28,600 for direct labor,...
asked 4 hours ago -
For pesticide HCB (hexachlorobenzene), its logarithmic partition
coefficient log Kow is 5.6. What would be the...
asked 5 hours ago -
A chemist requires 0.422 mil Na2CO3 for a reaction. How many
grams does this correspond to?
asked 5 hours ago -
If the vapor pressure of carvone is approximately 9.4 torr at 99
°C, approximately how much...
asked 5 hours ago -
A juice bottling company is carrying out a test at 10%
significance that the mean population...
asked 5 hours ago -
What is the reflectivity (in percent) needed to keep water at a
temperature near its freezing...
asked 5 hours ago