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Prepare the correcting entries for the errors

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Question - Prepare the correcting entries for the following errors made in journalising and posting,

(1) A credit posting of $525 to accounts Receivable was omitted.

(2) A debit posting of $750 for supplies was debited to equipment.

(3) A collection from a customer of $100 in payment of it's account owed was journalised and posted as debit to cash $100 and a credit to service revenue $100.

(4) A debit posting of $415 to accounts payable was made twice.

(5) A cash purchase of equipment for $250 was journalised and posted as a debit to equipment $250 and a credit to accounts payable $25

(6) A debit of $625 to advertising payable was posted as a credit to advertising payable $652.

Reference no: EM132663827

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