08 Jan At Fred’s Fish Chips, the following errors were di
At Fred’s Fish Chips, the following errors were discovered after the transactions had been journalized and posted. Prepare the correcting entries.1. A collection on account from a customer for $850 was recorded as a debit to Cash of $850 and a credit to Service Revenue of $850.2. The purchase of store supplies on account for $2,340 was recorded as a debit to Store Supplies of $2,430 and a credit to Accounts Payable of $2,430.