Homework Clinic
Social Science Clinic => Accounting => Topic started by: CharlieWard on Feb 18, 2020
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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.
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Debit Cash for $400 and credit Accounts Payable for $400.
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thank you
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thank you
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thank you
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Thank you
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thank you