The following errors took place in journalizing and posting transactions: a. The payment of ($ 3,125) from

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The following errors took place in journalizing and posting transactions:

a. The payment of $\$ 3,125$ from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.

b. Advertising expense of $\$ 1,500$ paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Advertising Expense.

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. The payment of ($ 3,125) from

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Financial Accounting

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