The purchase of office equipment was incorrectly posted to the office consumables account. The (1) correcting entry in the general journal will be: (a) Dr Equipment and Cr Office Consumables; (b) Dr Office Consumables and Cr Equipment; (c) Dr Office consumables and Cr Bank; (d) Dr Equipment and Cr Bank.

The purchase of office equipment was incorrectly posted to the office consumables account. The (1) correcting entry in the general journal will be: (a) Dr Equipment and Cr Office Consumables; (b) Dr Office Consumables and Cr Equipment; (c) Dr Office consumables and Cr Bank; (d) Dr Equipment and Cr Bank.

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 8E: Journalize correcting entries for each of the following errors and include a brief explanation. a. A...

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