Panther company's bookkeeper debited supplies expense for the COGS during that month. the bookkeeper discovered the error prior to closing the books. the correcting entry would include; select all that apply

a. credit to RE

b. debit to RE

c. debit to COGS

d. credit to supplies expense

Question

Miracle Zimmerman

16 December, 20:43

+5

Answers (1)

Know the Answer?

Hayden Houston · Answer 1

d. credit to supplies expense

Explanation:

A credit entry to an account that was debited in error is sufficient to reverse the error.

Panther company's bookkeeper debited supplies expense for the COGS during that month. the bookkeeper discovered the error prior to closing the books. the correcting entry would include; select all that applya. credit to REb. debit to REc. debit to COGSd. credit to supplies expense