Guy Company's records revealed the following data for September:
* This error relates to a deposit from a customer on account made on September 14. The correct amount of the deposit was $1,322. However, the bookkeeper had recorded it as $1,000. Prepare the general journal entries necessary to correct the Cash balance.

Question

Guy Company's records revealed the following data for September:
  * This error relates to a deposit from a customer on account made on September 14. The correct amount of the deposit was $1,322. However, the bookkeeper had recorded it as $1,000. Prepare the general journal entries necessary to correct the Cash balance.

Quizplus · Accepted Answer

The Answer of Guy Company's records revealed the following data for September:
  * This error relates to a deposit from a customer on account made on September 14. The correct amount of the deposit was $1,322. However, the bookkeeper had recorded it as $1,000. Prepare the general journal entries necessary to correct the Cash balance.

Guy Company's Records Revealed the Following Data for September