Homework Answers
| Journal entry | |||||||
| S.no. | Accounts title and explanations | Debit $ | Credit $ | ||||
| a. | Rent expenses (4800*2) | 9,600 | |||||
| Misc. expense | 4,800 | ||||||
| Cash account | 4800 | ||||||
| (for correcting the entry for rent expenses) | |||||||
| b. | Accounts payable | 3,300 | |||||
| Accounts receivable | 3,300 | ||||||
| (for cash received entry rectified) | |||||||
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