An examination of the ledger shows these errors. 1. Cash received from a customer on...
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Accounting

An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,470 instead of $1,740. 2. The purchase on account of a computer costing $3,338 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,650, for which Accounts Receivable was debited $2,650 and Service Revenue was credited \$265. 4. A payment of $495 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,600 instead of $5,680. An examination of the ledger shows these errors. An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded (both debit and credit) as $1,470 instead of $1,740. 2. The purchase on account of a computer costing $3,338 was recorded as a debit to Office Expense and a credit to Accounts Payable. 3. Services were performed on account for a client, $2,650, for which Accounts Receivable was debited $2,650 and Service Revenue was credited \$265. 4. A payment of $495 for telephone charges was entered as a debit to Office Expense and a debit to Cash. 5. The Service Revenue account was totaled at $5,600 instead of $5,680. An examination of the ledger shows these errors
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You can see the logs in the Dashboard.