https//newconnect.mheducation.com/flow/connect.html Help Save 8 ng errors in rec

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https//newconnect.mheducation.com/flow/connect.html Help Save 8 ng errors in recording the transactions for December were discovered in the genera journal the next month after he data had been posted to the ledger. Dec. 5 Discovered that a purchase of office equipment for $2,5e0 cash was recorded as a debit to Shop Equipment and a credit to Cash. 1e Discovered that a check for $5,580 to the owner, Hank Rudolph, to pay one 15 Discovered that a receipt of $37,580 cash from a customer for services 20 Discovered that $5,250 for this month's rent was recorded as a debit to Cash month's utilities on his personal apartment was recorded as a debit to Utilities Expense and a credit to Cash. performed was recorded as a debit to Cash and a credit to Accounts Receivable. and a credit to Prepaid Rent. Record the necessary correcting entries. View transaction list Journal entry worksheet Discovered that a purchase of office equipment for $2,500 cash was recorded as a debit to Shop Equipment and a credit to Cash. Note: Enter debits before credits

Explanation / Answer

Date General Journal Debit Credit Dec,5 Office Equipment A/c $2,500 To Shop Equipment A/c $2,500 (Wrong Booking of the Department Equipment Rectified) Dec,10 Drawings A/c $5,500 To Utilities ExpensesA/c $5,500 (Wrong booking of the Personal expenses of owner is ractified) Dec,15 Account Receivable A/c $37,500 To Cash Sales A/c $37,500 (Being Cash sales Wrongliy credit to account receivable was ractified) Dec,20 Prepaid Rent A/c $ 5,250 To Rent Received A/c $ 5,250 (Being Worng Entry of rent Recevied Rectified)

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