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Journalize the entries to correct the errors

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Reference no: EM131865716

Question - Journalize the entries to correct the following errors:

a. A purchase of supplies for $128 on account was recorded and posted as a debit to Supplies for $417 and as a credit to Accounts Receivable for $417. (Record the entry to reverse the error first.)

b. A receipt of $3,892 from Fees Earned was recorded and posted as a debit to Fees Earned for $3,892 and a credit to Cash for $3,892.

Reference no: EM131865716

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