A $800 payment for Rent Expense was incorrectly journalized and posted as a debit to Wages Expense for $800 and a credit to Cash for $800. The correcting entry, using the one-step method, would include a
A) debit to Cash for $800.
B) credit to Rent Expense for $800.
C) credit to Wages Expense for $800.
D) credit to Cash for $800.

Question

Quizplus · Accepted Answer

The correct entry to correct the mistake involves crediting Wages Expense for $800 to reverse the incorrect entry and debiting Rent Expense for the same amount to record the expense in the correct account.

A $800 Payment for Rent Expense Was Incorrectly Journalized and Posted