Harken Company Discovered the Following Errors Made in January 2014

question 97

Essay

Harken Company discovered the following errors made in January 2014.
1. A payment of Salaries and Wages Expense of $600 was debited to Equipment and credited to Cash, both for $600.
2. A collection of $2,000 from a client on account was debited to Cash $200 and credited to Service Revenue $200.
3. The purchase of equipment on account for $680 was debited to Equipment $860 and credited to Accounts Payable $860.
Instructions
Correct the errors by reversing the incorrect entry and preparing the correct entry.

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Definitions:

Excessive Masturbation

Engaging in masturbation to a degree that it interferes with daily life, health, or mental state, often subjective and defined by the individual's perception and impact on life.

Fetal Stage

The final stage of prenatal development, typically from the ninth week of pregnancy until birth, during which significant growth and maturation of the fetus occur.

Clitoris

A small, sensitive, and erectile part of the female genitals at the anterior end of the vulva.

Genetically Male Fetus

A fetus that carries a Y chromosome, determining male biological sex in humans.