Arthur has found that an invoice for $780 for motor expenses has been posted to the correct side of the motor expenses account but the entry is for $870. What entry is needed to correct this error? Dr Suspense $90 Cr Motor expenses $90 Dr Motor expenses $90 Cr Susens $90 Dr Motor expenses $90 Cr Trade Payable $90 Dr Trade Payable $90 Cr Motor expenses $90

Arthur has found that an invoice for $780 for motor expenses has been posted to the correct side of the motor expenses account but the entry is for $870. What entry is needed to correct this error? Dr Suspense $90 Cr Motor expenses $90 Dr Motor expenses $90 Cr Susens $90 Dr Motor expenses $90 Cr Trade Payable $90 Dr Trade Payable $90 Cr Motor expenses $90

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hello, #8 I have continuously got it wrong. Question: Estimate that 25% of uncollected accounts will not be received.
Journalize the entries to correct the following errors: a. A purchase of supplies for $158 on account was recorded and posted as a debit to Supplies for $513 and as a credit to Accounts Receivable for $513. (Record the entry to reverse the error first.) If an amount box does not require an entry, leave it blank. - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - b. A receipt of $4,068 from Fees Earned was recorded and posted as a debit to Fees Earned for $4,068 and a credit to Cash for $4,068. If an amount box does not require an entry, leave it blank. - Select - - Select - - Select - - Select -
Using the imformation already about the schedule of accounts recievable help fill in the balance. -use the image to show the context also journalize the adjusting entry for bad debt expense
question is attached in the ss blow thanks for help thlatpatphat ha arepoacited it top4ipt4op 4itp 4iyp4 o o4i y
Rahul
Why is the credit memo only for 4950 when it is stated as 5000
Fill in the missing amounts in the accounts payable subsidiary ledgers for Al's Tractor Supply. NAME: B. Mario ACCOUNTS PAYABLE LEDGER ADDRESS: 1230 Rose Ave, Watertown, WI 53094 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- July 8 P7 1,900.00 1,900.00 July 15 J3 400.00 NAME: Denson & Soldner ACCOUNTS PAYABLE LEDGER ADDRESS: 111 Chase St, Johnson Creek, WI 53081 DATE ITEM POST. REF. DEBIT CREDIT BALANCE 20-- July 3 P7 3,100.00 3,100.00 July 13 CP9 3,100.00 July 29 P7 3,460.00 ACCOUNTS PAYABLE LEDGER NAME: Hutchinson Supplies ADDRESS: 1985 County Road, Lake Mills, WI 53577 DATE TTEM POST. REF. DEBIT CREDIT BALANCE
Current Attempt in Progress The Accounts Receivable account has a beginning balance of $48900 and an ending balance of $69600. If total sales on account were $39500 for the year, what were the total collections on account? $69600 O $79000 O $18800 O $60200 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air DII DD 000