Question: The following errors took place in journalizing and posting transactions 84696

The following errors took place in journalizing and posting transactions:
a. Advertising expense of $950 paid for the current month was recorded as a debit to Miscellaneous Expense and a credit to Advertising Expense.
b. The payment of $1,500 from a customer on account was recorded as a debit to Cash and a credit to Accounts Payable.
Journalize the entries to correct the errors. Omit explanations.


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  • CreatedDecember 10, 2011
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