Correcting Entries The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct the errors. a. The receipt of $5,670 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. If an amount box does not require an entry, leave it b b. The purchase of supplies of $1,700 on account was recorded as a debit to Office Equipment and a credit to Supplies. Note: Prepare the entry to reverse the original entry first. an amount box does not require an entry, leave it blank. 0000 00 00
Correcting Entries The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct the errors. a. The receipt of $5,670 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. If an amount box does not require an entry, leave it b b. The purchase of supplies of $1,700 on account was recorded as a debit to Office Equipment and a credit to Supplies. Note: Prepare the entry to reverse the original entry first. an amount box does not require an entry, leave it blank. 0000 00 00
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 8E: Would the following errors cause the trial balance to have equal or unequal totals? As a result of...
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