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Screen Shot 2016-01-31 at 6.03.10 PM.png - More Info Mary...

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Unformatted text preview: More Info . Mary recorded a $650 payment of rent by debiting Rent expense for $65 and crediting Cash for $65. . In recording a $500 payment on account, Mary debited Accounts Receivable and credited Cash. . Mary recorded the receipt of cash for service revenue by debiting Cash for $310 instead of the correct amount of $130. Mary also credited Service Revenue for the $310, the incorrect amount. . Mary recorded a $240 purchase of supplies on account by debiting Accounts Payable and crediting Supplies. . In preparing the trial balance, Mary omitted a $95,000 note payable. ...
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  • Spring '08
  • levin

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