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Transactions and journal entries are shown below. Read the transaction and determine if the correct journal entry has been made. a. Emma Fox, the

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Transactions and journal entries are shown below. Read the transaction and determine if the correct journal entry has been made. a. Emma Fox, the owner, invested $47,000 cash. Equipment 47,000 Emma Fox, Capital b. Fox paid wages of $2,600. Wages Expense Wages Payable c. Fox paid the monthly utility bill, $375. Supplies Cash 47,000 2,600 2,600 375 375 d. Fox made a payment on account for supplies purchased last month, $200. Accounts Payable Cash e. Services were provided to a client on account, $700. Accounts Payable Service Fees 200 200 700 700 If a correction is necessary, prepare a correcting entry. Omit explanations. If an amount box does not require, leave it blank. If no correction is re Correcting Entry Required" and leave the amount boxes blank. Page: 1

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