Cullumber Inc. mistakenly recorded a cheque as $477 that was written for $553 in payment of a payable owing to one of the company's suppliers. In addition, the company noticed that the bank had mistakenly deducted a cheque for $348 from its bank account that was written by another company. b) dentify any entries required on Cullumber's books to correct these errors. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account citles and enter O for the amounts.)

Cullumber Inc. mistakenly recorded a cheque as $477 that was written for $553 in payment of a payable owing to one of the company's suppliers. In addition, the company noticed that the bank had mistakenly deducted a cheque for $348 from its bank account that was written by another company. b) dentify any entries required on Cullumber's books to correct these errors. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account citles and enter O for the amounts.)

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter8: Budgets And Bank Reconciliations

Section: Chapter Questions

Problem 2.10C

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