1. A collection on account from a customer for $870 was recorded as a debit to Cash $870 and a credit to Service Revenue $870. 2. The purchase of store supplies on account for $1,510 was recorded as a debit to Supplies $1,180 and a credit to Accounts Payable $1,180. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Dehit Credit
1. A collection on account from a customer for $870 was recorded as a debit to Cash $870 and a credit to Service Revenue $870. 2. The purchase of store supplies on account for $1,510 was recorded as a debit to Supplies $1,180 and a credit to Accounts Payable $1,180. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Dehit Credit
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 24EB: Post the following July transactions to T-accounts for Accounts Receivable and Cash, indicating the...
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