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marslau03
Jul 7, 2015, 04:56 AM
I had a questions, and here it goes. I hope you'll answer this as fast as you can because I really need the answer.

This is all about correcting the errors and then proceed to trial balance.

Supplies- 3,751

Given clue error:
A return of $67 of defective supplies was erroneously posted as a $76 credit to supplies.

What will I do? Please. Help me, I need the answers now. Thanks in advance. :) Hoping for your consideration.

pready
Jul 9, 2015, 10:26 AM
First you should cancel out the $76 Credit by Debiting Supplies for $76

Next you should Credit Supplies for $67