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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 :

abiolataiwo2015

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

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