The following errors took place in journalizing and posting transactions: a. The receipt of $10,700 for services
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The following errors took place in journalizing and posting transactions:
a. The receipt of $10,700 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.
b. The purchase of supplies of $4,300 on account was recorded as a debit to Office Equipment and a credit to Supplies.
Journalize the entries to correct the errors. Omit explanations.
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