At Blossom Company, the following errors were discovered after the transactions had been journalized and...
90.2K
Verified Solution
Link Copied!
Question
Accounting
At Blossom Company, the following errors were discovered after the transactions had been journalized and posted. 1. A collection on account from a customer for $920 was recorded as a debit to Cash $920 and a credit to Service Revenue $920. 2. The purchase of store supplies an account for $1,520 was recorded as a debit to Supplies $1,250 and a credit to Accounts Payable $1,250, Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually, If no entry is required, select "No Entry" for the account titles and enter o for the amounts.)
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.