BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087
BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087

Solutions

Chapter 3, Problem 6QY
Textbook Problem

A $250 payment for salaries expense was incorrectly journalized and posted as a debit to Salaries Expense for $2,500 and a credit to Cash for $2,500. Using the one-step method, how would the entry be corrected?

  1. a. Cash    2,500

    Salaries Expense    2,500

  2. b. Salaries Expense    250

    Cash    250

  3. c. Cash    2,250

    Salaries Expense    2,250

  4. d. Salaries Expense    2,250

    Cash    2,250

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College Accounting (Book Only): A Career Approach

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