Homework Clinic

Social Science Clinic => Accounting => Topic started by: CharlieWard on Feb 18, 2020

Title: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $400 ...
Post by: CharlieWard on Feb 18, 2020

Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $400 and crediting Cash for $400. The entry needed to correct this error is:
◦ Debit Cash for $400 and credit Accounts Receivable for $400.
◦ Debit Accounts Payable for $400 and credit Cash for $400.
◦ Debit Cash for $400 and credit Accounts Payable for $400.
◦ Debit Accounts Receivable for $400 and credit Cash for $400.

Title: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $400 ...
Post by: macmac on Feb 18, 2020

Debit Cash for $400 and credit Accounts Payable for $400.

Title: Re: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $
Post by: laura willis on Jun 29, 2020

thank you

Title: Re: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $
Post by: Ngô Tấn Mạnh on Feb 15, 2021

thank you

Title: Re: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $
Post by: Jordan on Oct 15, 2021

thank you

Title: Re: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $
Post by: Cayla Jenkins on Oct 15, 2021

Thank you

Title: Re: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $
Post by: Blaize Saiz on Feb 18, 2022

thank you