Discover a wealth of knowledge at Westonci.ca, where experts provide answers to your most pressing questions. Connect with professionals on our platform to receive accurate answers to your questions quickly and efficiently. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

On June 10, 20X1, an employee of Williams Corporation mistakenly debited Telephone Expense rather than Utilities Expense when recording a bill of $925 for the May utility service. The error was discovered on June 30. Prepare a general journal entry to correct the error.

Sagot :

The general journal entry to correct the error is: Debit Utilities expense $925; Credit Telephone expense $925.

Journal entry

Since the company  mistakenly debited Telephone Expense instead of Utilities Expense the correcting entry is:

Williams Corporation Correcting entry

June 30

Debit Utilities expense $925

Credit Telephone expense $925

Therefore the general journal entry to correct the error is: Debit Utilities expense $925; Credit Telephone expense $925.

Learn more about journal entry here:https://brainly.com/question/14279491

#SPJ1