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The following errors took place in joumalizing and posting transactions: a. Cash of $8,800 received on account was recorded as a debit to Fees Eamed
The following errors took place in joumalizing and posting transactions: a. Cash of $8,800 received on account was recorded as a debit to Fees Eamed and a credil to Cash. b. A $1,500 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable. Joumalize the entries on December 31 io correct the errors. Note: Prepare the entry to reverse the onginal entry first CHART OF ACCOINTS Jumalize the entries on December 3 t to conect the enors Note Prepare the entry to reverse the original entry first
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