Problem

Recording a correcting entry.On July 9, 2010, an employee of Capital Corporation mistakenl...

Recording a correcting entry.

On July 9, 2010, an employee of Capital Corporation mistakenly debited Utilities Expense rather than Telephone Expense when recording a bill of $450 for the May telephone service. The error was discovered on July 30. Prepare a general journal entry to correct the error.

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Solutions For Problems in Chapter 4