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Entries to correct errors The following errors took place in journalizing and posting transactions: a . Cash of $ 7 , 5 5 0 received
Entries to correct errors
The following errors took place in journalizing and posting transactions:
a Cash of $ received on account was recorded as a debit to Fees Earned and a credit to Cash.
b A $ purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable.
Journalize the entries to correct the errors. Note: Prepare the entry to reverse the original entry first. If an amount box does not require an entry, leave it blank.
a
b
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