MAT200 Sect1 Principles of Accounting: Module 2 Discussion

To ensure financials are reported accurately, the CFO will review the account reconciliation reports from the balance sheet. The CFO reviewed the bank reconciliation and noticed a fictitious amount of $400 was recorded. The original journal entry was $400 credit to bank and $400 debit to other expense. The CFO realized the amount fictitious to balance the bank account reconciliation, and it should be recorded as payment for a light bill. What would be the correct entry? (accounts to use: utilities expense and cash).

DQ1 UMBO – 4, 5
DQ1 PLG – 1, 3
DQ1 CLO – 2, 8, 9

Posting
Replying
Rubric
Review the rubric in the tab below. Also take a look at the Getting Started Guide to find due dates and other discussion post requirements.
Select the Discussion Forum button above.
Complete this discussion post by selecting the “Start a New Thread” button, entering a subject title, and then answering the question above.
To properly post your answer, please select the “Post” button.
After posting your contribution, you must read what others have posted, reply to at least two of those posts, and respond (when appropriate) to those you have responded to you.
**Note: Directions on submitting your posts will also be listed within the discussion question forum.

After completing the discussion question above, select the link below to access the module assignment.

Collepals.com Plagiarism Free Papers

Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.

Get ZERO PLAGIARISM, HUMAN WRITTEN ESSAYS

Why Hire Collepals.com writers to do your paper?

Quality- We are experienced and have access to ample research materials.

We write plagiarism Free Content

Confidential- We never share or sell your personal information to third parties.

Support-Chat with us today! We are always waiting to answer all your questions.