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On March 1, it was discovered that the following errors took place in Journalizing and posting transactions A. The receipt of $0,150 for services rendered
On March 1, it was discovered that the following errors took place in Journalizing and posting transactions A. The receipt of $0,150 for services rendered was recorded as a debit to Accounts Receivable and a credit to Foes Eamed. B. The purchase of supples of $3,650 on account was recorded as a debit to Office Equipment and a credit to Supplies. Joumalize the entries on March 1 to correct the errors. Use two entries to correct the error described in (b). (That is, record an entry to reverse the incorrect entry and a second entry to record the correctenby) Refer to the Chart of Accounts for exact wording of account titles
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