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  3. the following errors took place in journalizing an

The following errors took place in journalizing and posting transactions: Cash of $8,800 received...

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Accounting

imageThe following errors took place in journalizing and posting transactions:

  1. Cash of $8,800 received on account was recorded as a debit to Fees Earned and a credit to Cash.
  2. A $1,760 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 errors. First reverse the original entry and then make the correct entry. If an amount box does not require an entry, leave it blank. Cash a. II II II II li ll ll b

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