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I'm interested.correcting entries, incorrect entries
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I was wodnering If someone can tell me how these were done. I am a mother of a nursing student and I am interested in doing accounting diploma. So I want to learn before I decide. I was wondering if someone can tell me what the incorrect entry, the correct entry and the correcting entry would be. I...
Correcting Entries
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How do I show the correcting entry for... Payment on account of $920 to a creditor was debited $290 to a/p and credited $290 to cash? Also, A $400 withdrawal of cash for Bett's personal use was debited $400 to salaries expense and credit $400 to cash And finally A customer was billed...
Prepare correcting entries
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Hello, I would like to check my answer for the following question: 1. The purchase of $1200 of office equipment with a three-year useful life was debited to office supplies 2. A customer was billed $175 for services provided. Accounts receivable was debited of $175 and Unearned Service...
Correcting Entries
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The question is: At the end of 2007 the company accrued salaries of $45 000 in excess of the correct amount. Prepare the journal entry in 2008 to correct the books. The answer is: Sales Salaries Expense 45,000 Retained Earnings 45,000 I don't understand why... what is the closing...
Correcting entries
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Which accounts would I use to correct an entry, where a bill was posted as being paid and later it was realized that the bill was paid with the owner's personal money? View more questions Search
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