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The Following Errors in Recording the Transactions for June Were \quad

question 71

Essay

The following errors in recording the transactions for June were discovered in the general journal the next month after the data had been posted to the ledger. Record the necessary correcting entries on page 2 of a general journal. Omit the descriptions. June 1 \quad Discovered that a purchase of supplies for $800\$ 800 cash was recorded
\quad\quad\quad as a debit to Equipment and a credit to Cash
\quad 2 \quad Discovered that a check for $1,100\$ 1,100 to the owner, Hank Rudolph, to
\quad\quad pay one month's rent on his personal apartment was recorded as a debit to Rent Expense and a credit to Cash
\quad 3 \quad Discovered that a receipt of $3,000\$ 3,000 cash from a credit customer was
\quad\quad recorded as a debit to Cash and a credit to Accounts Payable
\quad 4 \quad Discovered that $350\$ 350 services performed on credit were recorded as a debit to Cash and a credit to Fees Income


Definitions:

Unconformity

A joining line between two mismatched rock layers, representative of an era where there was either erosion or a halt in deposition.

Sandstone

A sedimentary rock formed by the compaction and cementation of sand-sized mineral particles or rock fragments.

Conglomerate

A coarse-grained sedimentary rock composed of rounded clasts (rock fragments) cemented by finer-grained materials.

Igneous Rocks

Rocks formed through the cooling and solidification of magma or lava, categorized into intrusive and extrusive types.

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