Correcting Entries: Aug. 1 Discovered that a transaction for utilities expense was journalized and posted in error as a debit to Repairs Expense instead of Utilities Expense, $530.00. M66. 5 Discovered that a cash investment by Vivian Lynum, owner, was journalized and posted in error as a credit to Sales instead of Vivian Lynum, Capital, $1,200.00. M67.

Correcting Entries: Aug. 1 Discovered that a transaction for utilities expense was journalized and posted in error as a debit to Repairs Expense instead of Utilities Expense, $530.00. M66. 5 Discovered that a cash investment by Vivian Lynum, owner, was journalized and posted in error as a credit to Sales instead of Vivian Lynum, Capital, $1,200.00. M67.

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter4: Posting To A General Ledger

Section: Chapter Questions

Problem 3AP

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