In this Discussions assignment, you are expected to post a response to the topic or question listed. An ideal response is one that is written in your own words, that indicates your position in this topic, and your reasoning based on the accounting concepts and proper accounting treatment that you have learned so far.
Once you have posted your response, you will be able to view other students’ postings. You are graded based on your first response. However, you are welcome to share polite comments on other students’ postings as well.
Please try to post a response in no more than 200 words. If you have questions on discussions or any chapter materials, you should address them under Q&A.
To post, simply click “Reply” and type your response.
Discussion Topic – Correcting Entry Dilemma
As the full-time bookkeeper, your job is to make any corrections to the general ledger accounts. Each correction needs the reason for the change and the effect on each account, whether it is an increase or decrease.
Mesia has come to you for help. For the third time this month, she has recorded a cash receipt twice. She wants you to record a correcting entry that will reverse her mistakes. The correcting entry she wants you to make will record a credit to the Cash account and a debit to Sales. What would you do? Would you also accept a dinner offer from Mesia to fix her mistake?
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