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Prepare the entry to reverse the original entry first

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Question - Correcting Entries - The following errors took place in journalizing and postinq 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 $4,020 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.

(b) The purchase of supplies of $1,210 on account was recorded as a debit to Office Equipment and a credit to Supplies. Note:

Required - Prepare the entry to reverse the original entry first.

Reference no: EM133127129

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