A company checks written for $600 for rent expense cleared the bank correctly but the company accountant incorrectly recorded the check for $60.
The journal entry to correct this error would be:
a. debit cash, $540; credit rent expense, $540
b. debit rent expense, $600; credit cash, $600
c. no journal entry required
d. debit rent expense, $540; credit cash $540
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Home » Business » A company checks written for $600 for rent expense cleared the bank correctly but the company accountant incorrectly recorded the check for $60. The journal entry to correct this error would be: a. debit cash, $540; credit rent expense, $540 b.