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H3Ko H3Ko
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7 years ago
The bookkeeper of Fire Steel, Inc. recorded a $1,503 check as $15,030 in payment of the current month's rent. Which of the following journal entries is needed to adjust for this error in the books of the company?

A) Rent Expense   15,030   
     Cash      15,030

B) Cash   13,527   
     Rent Expense      13,527

C) Booking Error   1,503   
     Cash      1,503

D) Cash   13,527   
     Sales Revenue      13,527
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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H3Ko Author
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7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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3 years ago
Thank you!!
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