The Following Errors Were Made in April 2014 by the Accountant

question 106

Essay

The following errors were made in April 2014 by the accountant for Amanda's Cleaning Services:
1. Equipment purchased for $4,600 was entered as a debit to Cash and a credit to Accumulated Depreciation-Equipment.
2. A payment was made to the telephone company for $195. It was a payment for the March telephone bill that had been recorded as Telephone Expense in March. The accountant recorded the April payment as a debit to Telephone Expense and a credit to Cash.
3. A customer paid a deposit for work that is to be completed in May 2014 in the amount of $500. The accountant recorded the deposit as a debit to cash and a credit to Service Revenue.
4. Bank service charges were recorded as Debit Cash and Credit Bank Charges Expense for $52.
Instructions
Prepare the correcting entries for these errors at April 30, 2014.

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Definitions:

Dominant Hand

The hand that is most used by an individual for performing tasks, showing better manual dexterity and coordination.

Left Hemisphere

The left side of the brain, typically associated with linguistic abilities, logical reasoning, and analytical tasks.

Strings of Digits

Sequences of numerical digits, which can be used in various contexts such as passwords, mathematical calculations, or data entry.

Left Hand

The non-dominant hand for the majority of people, controlled by the right hemisphere of the brain, often associated with tasks requiring spatial and nonverbal processes.