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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
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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