Stile Paving Company had the following journal entries for each of the transactions described.Prepare the correcting entry needed for each transaction.
a.A credit customer paid $200 to Stile Paving Company for the customer's outstanding balance.The journal entry made by the company was
b.A repair was made on some equipment.The cost was supposed to be charged to Repair Expense.The journal entry made by the company was
c.Depreciation for the current year was supposed to be $2,800,however the company made the following journal entry:
d.Supplies were acquired on account for $1,300.The company made the following journal entry:
e.The company paid $100 on account.The journal entry was:
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