asked 51.9k views
5 votes
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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User Natsfan
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2 Answers

3 votes
310-130=180
Debit cash 180 credit amount pay 180
answered
User Taplar
by
8.0k points
5 votes

(310-130=180)

debit cash $180; credit Accounts Payable, $180

Hope this helped :) !

answered
User Pithhelmet
by
8.6k points
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