Ask Question
16 December, 20:43

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

+5
Answers (1)
  1. 16 December, 21:14
    0
    d. credit to supplies expense

    Explanation:

    A credit entry to an account that was debited in error is sufficient to reverse the error.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Panther company's bookkeeper debited supplies expense for the COGS during that month. the bookkeeper discovered the error prior to closing ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers