Azure Enterprises follows a manual accounting system. During the current fiscal year, it bought a car for $30,390. The accountant of Azure correctly journalized the transaction but wrongly entered the amount as $30,930. To make a correction of this error, the accountant should: a.draw a single line through the amount $30,930 and record the correct amount $30,390 above it. b.reverse the original entry and record the correct entry. c.erase the amount of $30,930 and record the correct amount of $30,390 in the same place. d.cross the amount of $30,930 and record the correct amount of $30,390 below it.

Azure Enterprises follows a manual accounting system. During the current fiscal year, it bought a car for $30,390. The accountant of Azure correctly journalized the transaction but wrongly entered the amount as $30,930. To make a correction of this error, the accountant should: a.draw a single line through the amount $30,930 and record the correct amount $30,390 above it. b.reverse the original entry and record the correct entry. c.erase the amount of $30,930 and record the correct amount of $30,390 in the same place. d.cross the amount of $30,930 and record the correct amount of $30,390 below it.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter3: The General Journal And The General Ledger

Section: Chapter Questions

Problem 6E: The bookkeeper for Nevado Company has prepared the following trial balance: The bookkeeper has asked...

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The bookkeeper for Nevado Company has prepared the following trial balance: The bookkeeper has asked for your help. In examining the companys journal and ledger, you discover the following errors. Use this information to construct a corrected trial balance. a. The debits to the Cash account total 8,000, and the credits total 3,300. b. A 500 payment to a creditor was entered in the journal correctly but was not posted to the Accounts Payable account. c. The first two numbers in the balance of the Accounts Receivable account were transposed when the balance was copied from the ledger to the trial balance. d. The 1,500 amount withdrawn by the owner for personal use was debited to Miscellaneous Expense by mistakeit was correctly credited to Cash.
Azure Enterprises follows a manual accounting system. During the current fiscal year, it bought a car for $30,390. The accountant of Azure correctly journalized the transaction but wrongly entered the amount as $30,930. To make a correction of this error, the accountant should:
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