1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
timofeeve [1]
3 years ago
6

On March 1, it was discovered that the following errors took place in journalizing and posting transactions: a. The receipt of $

8,400 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. b. The purchase of supplies of $2,500 on account was recorded as a debit to Office Equipment and a credit to Supplies. 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.
Business
1 answer:
Kitty [74]3 years ago
7 0

Explanation:

The Journal Entry is given below:-

a. Cash Dr,                   8400  

           Accounts receivable        8400

(Being the Cash received)

 

b. Supplies Dr,                2500  

           Office equipment         2500

(Being the reserve entry is recorded)

Supplies Dr,                             2500  

            Accounts payable           2500

(Being the supply is purchased)

You might be interested in
______________ organizations scatter it components in different locations to address local business needs.
Elan Coil [88]
Decentralized organizations

6 0
3 years ago
plants are in threatened state and getting rare. Discuss in the class and prepare a list of causes of rareness of animals and pl
inessss [21]

A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.

Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.

The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.

Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.

To know more about Species visit:

brainly.com/question/2434932

#SPJ9

6 0
1 year ago
A form of foreign direct investment, where a domestic company purchases a company in a foreign country to produce a similar prod
Sergio [31]

Answer:

c. foreign subsidiary

Explanation:

Foreign subsidiary -

It refers to a company which is partially or completely , part of some large firm , whose main office is located in some other country , is referred to as a foreign subsidiary .

It is a form of foreign direct investment method , where a company purchases any other company , where the company supposed to manufacture , sell or produce the same type of goods and services .

Hence, from the given information of the question,

The correct option is c. foreign subsidiary .

5 0
3 years ago
People choose a particular lifestyle and social context, or _____, because it is compatible with their personality traits
den301095 [7]
Ecological niche. ✨

I assume this is for psych, or something.
5 0
3 years ago
What does it mean to do time analysis which is one of the principles referred to ?
Whitepunk [10]
Data Analysis - Process. Data Analysis is a process of collecting, transforming, cleaning, and modeling data with the goal of discovering the required information. The results so obtained are communicated, suggesting conclusions, and supporting decision-making.
3 0
3 years ago
Other questions:
  • Which type of workplace culture emphasizes accomplishing goals?
    10·2 answers
  • If Congress and the president want to keep real GDP at its potential level in​ 2021, they should use an expansionary fiscal poli
    9·1 answer
  • What is the outcome when employees have positive attitudes towards their jobs?
    9·2 answers
  • The account​ "Accounts Receivable" began with a zero balance and then had the following​ changes: increase of​ $625, decrease of
    9·1 answer
  • What are the advantages of collecting payment at the time of service?
    15·1 answer
  • Other things equal, and assuming efficient markets, if a Honda Accord costs $24,682 in the U.S., then at an exchange rate of $1.
    6·1 answer
  • Identify the basic assumption or broad accounting principle that was violated in each of the following situations.
    10·1 answer
  • What are the characteristics of successful budgets? What can you do to cultivate these successful characteristics in your own mo
    11·1 answer
  • TriCorp is a major financial services corporation. With the CEO of TriCorp preparing to retire, several top managers are vying f
    10·1 answer
  • The standard costs and actual costs for direct materials for the manufacture of 2,300 actual units of product are Standard Costs
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!