At Sandhill Company, the following errors were discovered after the transactions had been journalized and posted. 1. A collection on account from a customer for $830 was recorded as a debit to Cash $830 and a credit to Service Revenue $830. 2. The purchase of store supplies on account for $1,510 was recorded as a debit to Supplies $1,170 and a credit to Accounts Payable $1,170. Prepare the correcting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Service Revenue 830 Accounts Receivable 830 2. Supplies Accounts Payable

Audit Procedures are methods and techniques performed by the auditor to determine the quality of financial information of clients, thereby expressing an opinion on true & fair view of financial statements and entity position. They are identified and appl…