Course Solutions Uncategorized (Answered) : Processing Accounts Ellise S Electrical Contractors Following Errors Made 1 Electrical Equ Q28382775

(Answered) : Processing Accounts Ellise S Electrical Contractors Following Errors Made 1 Electrical Equ Q28382775

When processing the accounts for Ellise’s ElectricalContractors, the following errors were made.

1. Electrical equipment purchased for $7800 cash was debited toEquipment and credited to Accounts Payable for an incorrect amountof $8700.

2. Collection of an account receivable for $4500 was recorded bya debit to Cash at Bank and a debit to the equity account of theowner.

3. A cheque for $6000 issued to pay for an account payable wasrecorded as a debit to Accounts Payable and a credit to AccountsReceivable for $6000.

4. A $2100 payment for assorted electrical tools was recorded asa debit to Equipment and a credit to Cash at Bank

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