Answer:
The correct journal entry is the following
___________________ _____________________
Utilities Expenses $ 2000
Telephone Expenses $ 2000
___________________ _____________________
Explanation:
The correct rectification to be made on 30 june is to debit tje utilities expenses and to credit the telephone expenses.
As the telephone expenses were debited wrongly, to rectifiy this you have to credit the same and actual expenses debited as utilities expenses.
The journal entry has to be made on June 30 because it was the day that the error was discovered.
