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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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ss. Subject :- Accounting
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