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    tchtec's Avatar
    tchtec Posts: 5, Reputation: 1
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    #1

    Dec 19, 2011, 09:10 AM
    Accounting Help P4-8A Retained earnings off
    Journalized entries... did something wrong Retained earning s/b 3200 not 5200? Can anyone see what I did wrong.
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    2. pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Dec 19, 2011, 12:20 PM
    Your Jul 18 entry is incorrect. Your Debit should be to Accounts Payable for 1,500 so you need to remove the 500 debit from your Supplies Expense and increase your Accounts Payable debit by 500.

    On your Jul 20 transaction you posted a 2,000 debit to Salaries and Wages Payable, but it should be to Salaries and Wages Expense.

    The rest of your entries look good.
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