The following errors in recording the transactions for June were discovered in the general journal the next month after the data had been posted to the ledger. Record the necessary correcting entries on page 2 of a general journal. Omit the descriptions. June 1 Discovered that a purchase of supplies for cash was recorded
as a debit to Equipment and a credit to Cash
2 Discovered that a check for to the owner, Hank Rudolph, to
pay one month's rent on his personal apartment was recorded as a debit to Rent Expense and a credit to Cash
3 Discovered that a receipt of cash from a credit customer was
recorded as a debit to Cash and a credit to Accounts Payable
4 Discovered that services performed on credit were recorded as a debit to Cash and a credit to Fees Income
Correct Answer:
Verified
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Q80: Which of the following statements is correct?
A)
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