2. 4-3 ON YOUR OWN, p. 113
Journalize each correcting entry discovered during July of the current year. Use page 11 of the journal.
Transactions:
Jul 1 Discovered that a transaction for supplies bought last month was journalized and posted in error as a debit to Prepaid Insurance
instead of Supplies, $110.00. M23.
Discovered that a transaction for advertising expense for last month was journalized and posted in error as a debit to Miscellaneous
Expense instead of Advertising Expense, $440.00. M24.
1