O-LevelAccountingVerification of accounting records7707/13 · Oct/Nov 2020 · Q81 Mark
A computer system purchased from Ace Computers for $1430 had been incorrectly recorded as $1340 and was entered in the stationery account instead of the office equipment account. Which journal entry corrects this error?
Adebit Ace computers $90, debit stationery $1340, credit office equipment $1340
Bdebit Ace computers $90, debit stationery $1340, credit office equipment $1430
Cdebit office equipment $1340, debit Ace computers $90, credit stationery $1340
Ddebit office equipment $1430, credit Ace computers $90, credit stationery $1340
✓ Correct answer
D: debit office equipment $1430, credit Ace computers $90, credit stationery $1340
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