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Journalize the entries to correct the errors

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Reference no: EM133063087

Question - Journalize the entries to correct the following errors:

A purchase of supplies for $211 on account was recorded and posted as a debit to Supplies for $497 and as a credit to Accounts Receivable for $497. (Record the entry to reverse the error first.) If an amount box does not require an entry, leave it blank.

A receipt of $3,850 from Fees Earned was recorded and posted as a debit to Fees Earned for $3,850 and a credit to Cash for $3,850. If an amount box does not require an entry, leave it blank.

Reference no: EM133063087

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