Answer:
Debit Credit
Trade payable $300
Cash $300
Explanation:
First we have to reverse the wrong journal entry which has been made by the inexperienced bookkeeper in the Adams Company accounts:
Debit Credit
Trade payable $300
Cash $300
Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:
Debit Credit
Trade payable $300
Cash $300
Quickly or easily duplicated by other companies
The answer & explanation for this question is given in the attachment below.
Answer:
Transaction.
Explanation:
Transactions are the individual business activities a company undertakes in order to make profit.
For a business to effectively track business success it needs to record every transaction that occurs. The records are now analysed to determine if profit is being made or not.
In the body of a cover message, you should demonstrate your qualifications and show how they fit the targeted job.
The prerequisites a candidate must have in order to meet the criteria and succeed in a particular role are known as qualifications. In your business or profession, you normally acquire qualifications through experience, education, and training.
Qualifications are still crucial, even if your job goals don't include becoming a high-flying lawyer or a life-saving doctor. A qualification shows prospective employers that you have a certain level of expertise in a particular subject, even though it may only seem like a piece of paper.
To know more about qualifications, click here:-
brainly.com/question/1962230
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