The following errors took place in journalizing and posting transactions: a. Rent of $6,000 paid for the
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a. Rent of $6,000 paid for the current month was recorded as a debit to Rent Expense and a credit to Prepaid Rent.
b. A withdrawal of $18,000 by Juanita Jacobsen, owner of the business, was recorded as a debit to Wages Expense and a credit to Cash.
Journalize the entries to correct the errors. Omit explanations.
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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