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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
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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

User Ron Srebro
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1 Answer

4 votes

Answer:

d. credit to supplies expense

Step-by-step explanation:

A credit entry to an account that was debited in error is sufficient to reverse the error.

User Lortimer
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