The following errors took place in journalizing and posting transactions: a. The receipt of $10,700 for services

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The following errors took place in journalizing and posting transactions:

a. The receipt of $10,700 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.

b. The purchase of supplies of $4,300 on account was recorded as a debit to Office Equipment and a credit to Supplies.

Journalize the entries to correct the errors. Omit explanations.

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 05, 2021 03:33 AM

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The following errors took place in journalizing and posting transactions: a. The receipt of $10,700 for services

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a Here Sevices Revenues is the item of profits soo Dr Accounts Receivable is Dr as it is ...View the full answer

Accounting

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