On july 9 2016 an employee of capital corporation, Accounting Basics

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On july 9 2016 an employee of capital corporation

Problem

On July 9, 2016, an employee of Capital Corporation mistakenly debited Utilities Expense rather than Telephone Expense when recording a bill of $1,000 for the May telephone service. The error was discovered on July 30. Prepare a general journal entry to correct the error.

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Accounting Basics: On july 9 2016 an employee of capital corporation

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Accounting Basics: On july 9 2016 an employee of capital corporation

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