The following errors took place in journalizing and posting transactions: a. A withdrawal of $20,000 by Joel
Question:
a. A withdrawal of $20,000 by Joel Goodson, owner of the business, was recorded as a debit to Wages Expense and a credit to Cash.
b. Rent of $3,600 paid for the current month was recorded as a debit to Rent Expense and a credit to Prepaid Rent.
Journalize the entries to correct the errors. Omit explanations.
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Related Book For 
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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