Question: Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Cash of $4,160 received on account was recorded as a

Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Cash of $4,160 received on account was recorded as a debit to Fees Earned and a credit to Cash. b. A $1,530 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable. Note: Prepare the entry to reverse the original entry first Joumalize the entries to correct the errors. If an amount box does not require an entry, leave it blank

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