Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Bertrand Incorporated purchased some shop equipment for $4,500 in cash. By mistake, the journal entry debited the Office Equipment account rather than the Shop Equipment account. What correcting entry would be necessary

Sagot :

Parrain

the correcting entry that would fix the error of debiting the Office equipment account is Debit Shop Equipment $4,500 and credit Office Equipment $4,500.

how can the accounting error be corrected?

the way to correct this error is to take the purchase from the office equipment account and put it into the shop equipment account.

as the office equipment account is an asset, you should credit it to remove it. the shop equipment account should then be debited by the same amount of $4,500.

find out more on correcting journal entries at https://brainly.com/question/13035559.

#SPJ1

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.