Question Content Area

The following errors took place in journalizing and posting transactions:

a$.$ A withdrawal of $$5,000$ by Stan Norton, owner of the business, was recorded as a debit to Office Expense and a credit to Cash.

b$.$ A receipt of $$7,800$ cash from a customer on account was recorded as a debit to Cash and a credit to Fees Earned.

Journalize the entries to correct the errors. Omit the explanations. If an amount box does not require an entry, leave it blank.

a$.$

Accounts ReceivableCashOffice ExpenseStan Norton, CapitalStan Norton, Drawing

Accounts ReceivableCashOffice ExpenseStan Norton, DrawingSupplies

b$.$

Accounts PayableAccounts ReceivableCashFees EarnedStan Norton, Capital

Accounts PayableAccounts ReceivableCashFees EarnedStan Norton, Capital