Solution-The purchase of store supplies on account

The purchase of store supplies on account

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Reference no: EM131137370

At Batavia Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries.

1. A collection on account from a customer for $780 was recorded as a debit to Cash $780 and a credit to Service Revenue $780.

2. The purchase of store supplies on account for $1,570 was recorded as a debit to Store Supplies $1,750 and a credit to Accounts Payable $1,750.

Reference no: EM131137370

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The purchase of store supplies on account

Reference no: EM131137370

Reference no: EM131137370

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