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Journalize the entries to correct the errors

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Reference no: EM132874940

Problem - Correcting entries - The following errors took place in journalizing and posting transactions:

a. Advertising expense of $2,700 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Advertising Expense.

b. The payment of $3,950 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.

Required - Journalize the entries to correct the errors. Omit explanations.

Reference no: EM132874940

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