Answer Happy

At Sheffield Company, the following errors were discovered after the transactions had been journalized and posted. 1. 2. A collection on account from a customer for $800 was recorded as a debit to Cash $800 and a credit to Service Revenue $800. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. The purchase of store supplies on account for $1,570 was recorded as a debit to Supplies $1,750 and a credit to Accounts Payable $1,750. No. Account Titles and Explanation 2. Debit Credit