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(Solution) - At Batavia Company the following errors were discovered after t

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At Batavia Company, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries.
1. A collection on account from a customer for $780 was recorded as a debit to Cash $780 and a credit to Service Revenue $780.
2. The purchase of store supplies on account for $1,570 was recorded as a debit to Store Supplies $1,750 and a credit to Accounts Payable $1,750.


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This question was answered on: Jul 11, 2017

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