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Journalize the entries to correct the errors

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Question - 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 $5,660 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.

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.

Reference no: EM131651383

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