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A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary correcting entry is
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A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary correcting entry is
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Oct 7, 2020
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A cash payment of $130 on account was recorded as a $310 debit to accounts payable and a $310 credit to cash. the necessary correcting entry is
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310-130=180
Debit cash 180 credit amount pay 180
Taplar
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Oct 10, 2020
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(310-130=180)
debit cash $180; credit Accounts Payable, $180
Hope this helped :) !
Pithhelmet
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Oct 14, 2020
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