The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct the errors. Omit explanations. If an amount box does not require an entry, leave it blank. a. The receipt of $3,770 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. Cash fill in the blank e51d80faffd4fcb_2 fill in the blank e51d80faffd4fcb_3 Accounts Receivable fill in the blank e51d80faffd4fcb_5 fill in the blank e51d80faffd4fcb_6 b. The purchase of supplies of $1,130 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. fill in the blank 1fd73cf5b00afb5_2 fill in the blank 1fd73cf5b00afb5_3 fill in the blank 1fd73cf5b00afb5_5 fill in the blank 1fd73cf5b00afb5_6 Supplies fill in the blank 1fd73cf5b00afb5_8 fill in the blank 1fd73cf5b00afb5_9 Accounts Payable fill in the blank 1fd73cf5b00afb5_11 fill in the blank 1fd73cf5b00afb5_12
The following errors took place in journalizing and posting the transactions below. Journalize the entries to correct the errors. Omit explanations. If an amount box does not require an entry, leave it blank. a. The receipt of $3,770 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned. Cash fill in the blank e51d80faffd4fcb_2 fill in the blank e51d80faffd4fcb_3 Accounts Receivable fill in the blank e51d80faffd4fcb_5 fill in the blank e51d80faffd4fcb_6 b. The purchase of supplies of $1,130 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. fill in the blank 1fd73cf5b00afb5_2 fill in the blank 1fd73cf5b00afb5_3 fill in the blank 1fd73cf5b00afb5_5 fill in the blank 1fd73cf5b00afb5_6 Supplies fill in the blank 1fd73cf5b00afb5_8 fill in the blank 1fd73cf5b00afb5_9 Accounts Payable fill in the blank 1fd73cf5b00afb5_11 fill in the blank 1fd73cf5b00afb5_12
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 4QY: Which of the following is not an advantage of the cash receipts journal? a. Transactions do not have...
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The following errors took place in journalizing and posting the transactions below.
a. The receipt of $3,770 for services rendered was recorded as a debit to
Cash | fill in the blank e51d80faffd4fcb_2 | fill in the blank e51d80faffd4fcb_3 | |
Accounts Receivable | fill in the blank e51d80faffd4fcb_5 | fill in the blank e51d80faffd4fcb_6 |
b. The purchase of supplies of $1,130 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.
fill in the blank 1fd73cf5b00afb5_2 | fill in the blank 1fd73cf5b00afb5_3 | ||
fill in the blank 1fd73cf5b00afb5_5 | fill in the blank 1fd73cf5b00afb5_6 | ||
Supplies | fill in the blank 1fd73cf5b00afb5_8 | fill in the blank 1fd73cf5b00afb5_9 | |
Accounts Payable | fill in the blank 1fd73cf5b00afb5_11 | fill in the blank 1fd73cf5b00afb5_12 |
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