please answer it correctly!!! Question 3 of 6 /16...
70.2K
Verified Solution
Question
Accounting
please answer it correctly!!!
Question 3 of 6 /16 E An inexperienced accountant for Skysong, Inc. made the following errors in recording merchandising transactions. 1. 2 A $260 refund to a customer for faulty merchandise was debited to Sales Revenue $260 and credited to Cash $260. A $321 credit purchase of supplies was debited to inventory S321 and credited to Cash $321. A $220 sales discount was debited to Sales Revenue. A cash payment of $31 for freight on merchandise purchases was debited to Freight-Out $310 and credited to Cash $310, 3. 4. Prepare separate correcting entries for each error, assuming that the incorrect entry is not reversed. (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 for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2 Question 3 of 6 > -/16 III E 2. 3 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit


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.