Stile Paving Company Had the Following Journal Entries for Each $\begin{array}{lccc}\text { Cash } & 200\\ \text { Sales } && 200\end{array}$

Essay

Stile Paving Company had the following journal entries for each of the transactions described.Prepare the correcting entry needed for each transaction.
a.A credit customer paid $200 to Stile Paving Company for the customer's outstanding balance.The journal entry made by the company was

$\begin{array}{lccc}\text { Cash } & 200\\ \text { Sales } && 200\end{array}$
b.A repair was made on some equipment.The cost was supposed to be charged to Repair Expense.The journal entry made by the company was
$\begin{array}{lccc}\text { Equipment } & 550\\ \text { Accounts Payeble} && 550\end{array}$
c.Depreciation for the current year was supposed to be $2,800,however the company made the following journal entry:
$\begin{array}{lccc}\text { Depreciation Expense } & 800\\ \text { Equipment} && 800\end{array}$
d.Supplies were acquired on account for $1,300.The company made the following journal entry:
$\begin{array}{lccc}\text { Supplies } & 1,300\\ \text { Accounts Receivable } && 1,300\end{array}$
e.The company paid $100 on account.The journal entry was:
$\begin{array}{lccc}\text { Accounts Receivable } &100\\ \text { Cash } && 100\end{array}$