Journalize the entry to correct the error

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Nettet14. apr. 2024 · As I noted previously I tried to Add Another State and opened my Fed return and got to the W2 using the edit button, but it does not show an entry in Box 10 only box 1, 2, 11, 16. 17. and it matches my paper W2. anyone Please provide step by step TT webversion instructions to make the changes you suggest. I have paid and efiled my … NettetJournalize the entries to correct the errors. 3. The receipt of $5,210 for services …

Accounting - Test 1 Flashcards Quizlet

Nettet1. jun. 2016 · Journalize the adjusting entry required at the end of the year (December 31), assuming the amount of unearned fees at the end of the year is $189,750. Refer to the Chart of Accounts for exact wording of account titles. Unearned fees- Debit- 82,750 Fees earned- Credit- 82,750 Nettet30. jan. 2024 · Journalize the entries on March 1 to correct the errors. Use two entries to correct the error described in (b). (That is, record an entry to reverse the incorrect entry and a second entry to record the correct entry.) Refer to the Chart of Accounts for exact wording of account titles. 1 Approved Answer Nikhil A answered on January 30, … claved ac12033

Question On March 1, it was discovered that the following errors …

Nettet8. feb. 2024 · Journal 1 The first error has to be corrected by debiting the Prepaid Expenses by twice the amount paid to cancel the effect of a credit entry made to that account. Cash is credited to show the correct credit entry that was supposed to be made. Insurance expense is credited to cancel the debit entry made to this account in error. … Nettet{¶ 3} In appellant’s assignments of error, appellant alleged the verdict was against the manifest weight of the evidence. He also challenged the trial court’s jury instructions. Appellant did not raise any issues regarding the prison term or the sentencing entry. In State v. Bridgewater, 10th Dist. No. Nettet24. mar. 2024 · Entries to correct errors The following errors took place in journalizing and posting transactions: a. Cash of $8,800 received on account was recorded as a debit to Fees Earned and a credit to Cash. b. … download swahili bible offline

Adjusting Journal Entries in Accrual Accounting

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NettetThe correcting journal entry would include A a $1,400 debit to Unearned Revenue and a $1,400 credit to Cash. This is correct answer : B a $700 debit to Unearned Revenue and a $700 credit to Accounts Receivable. C a $700 debit to Cash and a $700 credit to Accounts Receivable. You got it wrong : D NettetView 4-3+Journalizing+Correcting+Entries+and+Correcting+Posting+Errors.pdf from ECON 3440 at George W Hewlett High School. Intro to Accounting 4-3 Journalizing Correcting Entries and. Expert Help. Study Resources. Log in Join. George W Hewlett High School. ECON. downloads waiver download swagbucks app for pc

"NettetRequired: 1. What is the correct net income for 2024 and 2024? 2. Prepare the adjusting journal entry in 2024 to correct the errors. arrow ... Debra Allen, Capital has a credit balance of 1,439,000, and Debra Allen, Drawing has a balance of 36,000. (a) Journalize the entries required to complete the closing of the accounts. (b) Determine ... " - Journalize the entry to correct the error

Journalize the entry to correct the error

Solution For: The following errors took place in journalizing and ...

Nettet4. nov. 2024 · Make a single journal entry that fixes the error when combined with the … Netteta correcting entry should be journalized and posted. the incorrect items should be …

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Nettet21. jan. 2024 · To correct the error. Explanation: a) Data: 1. Insurance expense credited to Prepaid Insurance, instead of Cash account = $16,000 2. Drawings by Brian Phillips, the owner of the business recorded as Wages Expense. b) The journal can also be used to correct errors in posting transactions. NettetEntries to Correct Errors The following errors took place in journalizing and posting …

NettetJournalize the entries to correct the following errors a. A purchase of supplies for $208 on account was recorde and posted as a debit to Supplies for $598 and as a credit to Accounts Receivable for $5981. Nettet17. jun. 2024 · answered • expert verified. Journalize the entries to correct the …

Nettetjournalize transactions, post to ledger accounts, prepare unadjusted trial balance, journalize and post adjusting entries. When Alexander Company purchased supplies worth $500, it incorrectly recorded a credit to Supplies for $5,000 and a debit to Cash for $5,000. Before correcting this error: (a) Cash is overstated and Supplies is … Nettet4. jan. 2024 · The three most common types of adjusting journal entries are accruals, …

Nettet20. nov. 2024 · Entries to correct errors The following errors took place in …

Nettet29. nov. 2024 · In this case the calculation of the replenishment amount is as follows. Cash to replenish = Fixed imprest amount - Cash held Cash to replenish = 100 - 25 Cash to replenish = 75. The imprest petty cash journal entry would then be as follows: Replenish the petty cash fund and record the expenses journal entry. Account. claved cajasNettetChapter 11 Tutorials Show Me: How do I reconcile a bank statement? Let Me Try: How do I reconcile a bank statement? Audit with Alex: Compare check stubs against paid checks and correct errors. Chapter 12 Tutorials Show Me: How are payroll earnings and deductions calculated? Let Me Try: How are payroll earnings and deductions … clave de home bankingNettetJournalize the five entries that adjusted the accounts at October 31, 2024. None of the accounts were affected by more than one adjusting entry. 1. Accounts Receivable (73) Fees Earned (73) 2. Supplies Expense (52) Supplies (52) 3. Insurance Expense (143) Prepaid Insurance (143) 4.Depreciation Expense (87) Accumulated Depreciation- … clave de activacion windows 11 pro gratisNettet13. apr. 2024 · If you do not have adequate security to correct these errors, it is recommended that you review the update report. Searching for the word ERROR will help identify the records in question. You will then need to … download swallowed star season 2 sub indoNettetJournalize the entries to correct the following errors: 202. For the following, mark an “D” if the following account normally has a debit balance and mark a “C” if the following account normally has a credit balance. _____1. Notes Payable _____2. Mortgage Payable _____3. Drawing _____4. Accounts Receivable _____5. Capital _____6. Rent Revenue clave de licencia 360 total security gratisNettet5. apr. 2024 · Adding a journal entry may be enough to correct an accounting error. … download swallowed star s1 sub indoNettetOn September 11, you performed $5,750 of service and billed our customer. What account would you credit when we journalize this entry? A. service revenue B. cash C. accounts receivable D. retained earnings; Journalize the entries to correct the following errors: a. claved caspase 3