Bertrand Incorporated purchased some shop equipment for $4,500 in cash. By mistake, the journal entry debited the Office Equipment account rather than the Shop Equipment account. What correcting entry would be necessary?

Bertrand Incorporated purchased some shop equipment for $4,500 in cash. By mistake, the journal entry debited the Office Equipment account rather than the Shop Equipment account. What correcting entry would be necessary?

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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Question

Bertrand Incorporated purchased some shop equipment for $4,500 in cash. By mistake, the journal entry debited the Office Equipment
account rather than the Shop Equipment account. What correcting entry would be necessary?

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Correcting entries means a journal entries made to correct the error made in the previous journal entries recorded.

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