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Business, 14.02.2020 05:28 naomicervero

1. Cash received from a customer on account was debited for $760, and Accounts Receivable was credited for the same amount. The actual collection was for $670.
2. The purchase of a printer on account for $340 was recorded as a debit to Supplies for $340 and a credit to Accounts Payable for $340.
3. Services were performed on account for a client for $700. Accounts Receivable was debited for $70 and Service Revenue was credited for $700.
4. A debit posting to Salaries and Wages Expense of $775 was omitted.
5. A payment on account for $206 was credited to Cash for $206 and credited to Accounts Payable for $260.
6. Payment of a $600 cash dividend to Crane Company's stockholders was debited to Salaries and Wages Expense for $600 and credited to Cash for $600.
7. The amounts for two accounts with normal balances were listed in the wrong column.

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