Acc280 Financial Accounting: BE4-9 At Batavia Company, the following errors

Acc280 Financial Accounting
BE4-9
At Batavia Company, the following errors were discovered after the transactions had been journalized and posted.

Prepare the correcting entries.
1. A collection on account from a customer for $780 was recorded as a debit to Cash $780 and a credit to Service Revenue $780.
2. The purchase of store supplies on account for $1,570 was recorded as a debit to Store Supplies $1,750 and a credit to Accounts Payable $1,750.
Powered by