Question: Entries to Correct Errors The following errors took place in journalizing and posting transactions: a . Insurance of $ 1 7 , 1 0 0

Entries to Correct Errors
The following errors took place in journalizing and posting transactions:
a. Insurance of $17,100 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance.
b. Dividends of $20,000 were recorded as a debit to Wages Expense and a credit to Cash.
Journalize the entries to correct the errors.
a.
Insurance Fixpense
Dividends 3
Entries to Correct Errors The following errors took place in journalizing

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