Question

At Sandhill Company, the following errors were discovered after the transactions had been journalized and posted....

At Sandhill Company, the following errors were discovered after the transactions had been journalized and posted.

1. A collection on account from a customer for $930 was recorded as a debit to Cash $930 and a credit to Service Revenue $930.
2. The purchase of store supplies on account for $1,580 was recorded as a debit to Supplies $1,190 and a credit to Accounts Payable $1,190.


Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

No.

Account Titles and Explanation

Debit

Credit
1.
2.
Business   Accounting   
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