Bertrand Inc. purchased some shop equipment for $4,500 in cash. By mistake, the journal entry debited the Office Equipment account rather than the Shop Equipment account. What correcting entry would be necessary?
A) Debit Shop Equipment $4,500; credit Office Equipment $4,500
B) Debit Cash $4,500; credit Shop Equipment $4,500
C) Debit Office Equipment $4,500; credit Cash $4,500
D) Debit Office Equipment $4,500; credit Shop Equipment $4,500
Correct Answer:
Verified
Q65: A permanent, classified record of all accounts
Q66: For each of the accounts listed
Q67: For each of the accounts listed below,
Q68: Bertrand Inc. performed services for clients in
Q69: The process of transferring data from a
Q71: The _ is recorded in the Posting
Q72: When a transaction is entered in the
Q73: The_ is referred to as the
Q74: A description should accompany each entry made
Q75: For each of the accounts listed below,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents