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31-07-2020
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The Mahoney Company failed to accrue Rent Revenue on 12/31/23. The error was discovered on 2/1/24, before any cash was collected and after the 2023 books were closed. On 2/1/24, Mahoney would record:

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Tundexi Tundexi

02-08-2020

Answer:

Mahoney would record record on the 2023 books A debit to rent receivables

Explanation:

As error of failure to accrue rent revenue on 12/31/2023 was discovered before closing of books, therefore on 02/01/2024 Mahoney would record on the 2023 books "A debit to rent receivables"

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