A $1,500 check written for supplies was journalized and posted as $150. The entry to correct this error is:
A) debit Supplies, $1,350; credit Cash, $1,350.
B) debit Cash, $1,350; credit Supplies, $1,350.
C) debit Supplies, $150; credit Cash, $150.
D) debit Cash, $150; credit Cash, $150.

Question

Quizplus · Accepted Answer

The error was that only $150 was recorded instead of $1,500. To correct this, an additional $1,350 should be debited to Supplies and credited to Cash to reflect the correct total of $1,500.

A $1,500 Check Written for Supplies Was Journalized and Posted