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3 years ago

The following errors took place in journalizing and posting transactions:

Business

1 answer:

kirill115 [55]3 years ago

6 0

Answer: See explanation

Explanation:

The journal entry to correct the errors is given below:

a. Dr Cash $8400

Cr Account receivable $8400

b. Dr Supplies $2500

Cr Office equipment $2500

Dr Supplies $2500

Cr Account Payable $2500

Note that the first entry that's given in (b) above reverses the incorrect entry. On the other hand, the second entry simply records the correct entry.

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Commercially valuable fish may face extinction even though fish are a renewable resource. true or false.

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Answer:

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Answer:

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4 years ago

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Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information i

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Answer:

Margin of safety= $9,000

Explanation:

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Now, we need to determine the break-even point in dollars:

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