The following errors took place in journalizing and posting transactions: a. Dividends of ($ 20,000) were recorded

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The following errors took place in journalizing and posting transactions:

a. Dividends of $\$ 20,000$ were recorded as a debit to Wages Expense and a credit to Cash.

b. Rent of $\$ 3,600$ paid for the current month was recorded as a debit to Rent Expense and a credit to Prepaid Rent.

Journalize the entries to correct the errors. Omit explanations.

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Financial Accounting

ISBN: 9780324380675

10th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jun 10, 2024 01:19 AM

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The following errors took place in journalizing and posting transactions: a. Dividends of ($ 20,000) were recorded

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Financial Accounting

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