View the step-by-step solution to:

please help me understand if a t account graph for the following?

please help me understand if a t account graph for the following? A check drawn by a company for $270 in payment of a liability was recorded in teh journal as $720. I believe the entry would be debit cash; credit accounts payable

Top Answer

Sign up to view the full answer

Other Answers

The answer is... View the full answer

1 comment
  • how would all of this appear on a graph of sort?
    • bethhen22
    • Apr 04, 2018 at 10:33pm

A payment to the creditors is debited while the cash is credited because the payment results in a decrease in... View the full answer

After working on your question, I... View the full answer

1 comment
  • In a T account, credits will be the beginning balance xxx and correcting amount of 450.... Debit side will be the incorrect amount of 720
    • dinamarcanete
    • Apr 04, 2018 at 11:14pm

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online