Entries to Correct Errors The following errors took place in journalizing and posting transactions. a....
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Accounting
Entries to Correct Errors The following errors took place in journalizing and posting transactions. a. Cash of $2,970 received on account was recorded as a debit to Fees Earned and a credit to Cash Journalize the entry to correct the error. If a box does not require an entry, leave it blank a b. A $940 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable. Journalize the entries to correct the error. Note: Enter the entry that reverses the error first. b
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