EBK INTERMEDIATE ACCOUNTING
EBK INTERMEDIATE ACCOUNTING
3rd Edition
ISBN: 9780136946465
Author: SANNELLA
Publisher: VST
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Chapter 21, Problem 21.10BE
To determine

Journalizing:

Journalizing is the process which includes recording the transactions of an organization in a chronological order. Based on these journal entries recorded, the accounts are posted to the relevant ledger accounts.

To record: The correct entry for the transaction recorded incorrectly.

Given Information:

Cost of machine is $200,000.

Machinery is wrong recorded as miscellaneous expense.

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