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    vishal1975's Avatar
    vishal1975 Posts: 1, Reputation: 1
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    #1

    Feb 9, 2011, 09:40 AM
    What would be the correcting entry
    What would be the correcting entry for the below mentioned queries:-

    1)wages not yet paid amounting to $850 recorded to wages expense as $580
    2) included in account receivable are sales of concert recording amounting of $1700 not recorded in income.
    3) funds received on amount from customer were recorded in cash as $1805 instead of the $1850 actually received,which was properly recorded in accounts recievable.
    mariloursaberon's Avatar
    mariloursaberon Posts: 4, Reputation: 1
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    #2

    Feb 13, 2011, 09:31 PM
    1. Wage Expense 270
    Cash/Cash in Bank 270

    2. Income(Type of Income) 1700
    A/R 1700
    3. Cash 45
    Accounts Receivable 45
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