On March 8, Black Candy Company bought supplies on account from the Arcade Fire Company for $550.Black Candy Company incorrectly debited Equipment for $500 and credited Accounts Payable for $500.The entries have been posted to the ledger.the correcting entry should be:

Question

Quizplus · Accepted Answer

The Answer of On March 8, Black Candy Company bought supplies on account from the Arcade Fire Company for $550.Black Candy Company incorrectly debited Equipment for $500 and credited Accounts Payable for $500.The entries have been posted to the ledger.the correcting entry should be:

On March 8, Black Candy Company Bought Supplies on Account