An inexperienced accountant for huang company made the following
An inexperienced accountant for Huang Company made the following errors in recording merchandising transactions.
| 1. | A $302 refund to a customer for faulty merchandise was debited to Sales Revenue $302 and credited to Cash $302. | |
| 2. | A $220 credit purchase of supplies was debited to Inventory $220 and credited to Cash $220. | |
| 3. | A $204 sales discount was debited to Sales Revenue. | |
| 4. | A cash payment of $67 for freight on merchandise purchases was debited to Freight-Out $670 and credited to Cash $670. |
Prepare separate correcting entries for each error, assuming that the incorrect entry is not reversed. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
