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Ridge Properties discovered the following errors

Ridge Properties discovered the following errors 


Ridge Properties discovered the following errors made in January 2011.  Prepare the necessary correcting entry for each of the following.
a.	A collection on account of €370 from a customer was credited to Accounts Receivable €730 and debited to Cash €730.
b.	The purchase of supplies on account for €250 was recorded as a debit to Equipment €250 and a credit to Accounts Payable €250.




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31 Mar 2016

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  1. Genius

    Ridge Properties discovered the following errors

    Ridge Properties discovered the following errors ****** ******
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