The Following Errors Took Place in Journalizing and Posting Transactions

question 87

Essay

The following errors took place in journalizing and posting transactions:
a.
Dividends were recorded as a debit to Office Expense and a credit to Cash.
b.
Accounts receivable payment for $7,800 was recorded as a debit to Cash and a credit to Fees Earned.
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Journalize the entries to correct the errors. Omit the explanations.

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