This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Shaman, Inc. purchased $400 of supplies on account. This was recorded by debiting Supplies for $400 ... (Read 1211 times)

CharlieWard

  • Hero Member
  • *****
  • Posts: 578
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.
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by CharlieWard on Feb 18, 2020

macmac

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


laura willis

  • Newbie
  • *
  • Posts: 1
Reply #2 on: Jun 29, 2020
thank you


Ngô Tấn Mạnh

  • Newbie
  • *
  • Posts: 2
Reply #3 on: Feb 15, 2021
thank you


Jordan

  • Newbie
  • *
  • Posts: 3
Reply #4 on: Oct 15, 2021
thank you


Cayla Jenkins

  • Newbie
  • *
  • Posts: 2
Reply #5 on: Oct 15, 2021
Thank you


Blaize Saiz

  • Newbie
  • *
  • Posts: 1
Reply #6 on: Feb 18, 2022
thank you


« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

The longest a person has survived after a heart transplant is 24 years.

Equipment and supplies used during a physical examination. Equipment and supplies used during a physical examination.
A typical waveform of a TP sensor signal as recorded on a DSO when the accelerator pedal was ... A typical waveform of a TP sensor signal as recorded on a DSO when the accelerator pedal was ...
Wind, solar, biomass, and geothermal power account for less than 1% of global power generation Wind, solar, biomass, and geothermal power account for less than 1% of global power generation
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ... A company purchased 26 desks for $240 each and 18 chairs for $59 each. Compute the total ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Morphology of a tomato plant

For a complete list of videos, visit our video library