Journalize the Entries to Correct the Following Errors

question 102

Essay

Journalize the entries to correct the following errors:
(a)A purchase of supplies for $500 on account was recorded and posted as a debit to Supplies for $200 and as a credit to Accounts Receivable for $200.
(b)A receipt of $2,500 from Fees Earned was recorded and posted as a debit to Fees Earned for $2,500 and a credit to Cash for $2,500.

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Definitions:

Written Document

A form of recorded information or ideas expressed in text on a physical or digital medium.

Legal Correspondence

Communication in written form between parties involved in a legal process, including letters, emails, and memos, often pertaining to the management and progress of legal cases.

Sexist Language

Language that perpetuates gender stereotypes or discriminates based on gender.

Gender-neutral Language

Language that avoids bias towards a particular sex or social gender.