Question: Journalize the entries to correct the following errors: Question Content Area a. A purchase of supplies for $268 on account was recorded and posted as

Journalize the entries to correct the following errors:

Question Content Area

a. A purchase of supplies for $268 on account was recorded and posted as a debit to Supplies for $566 and as a credit to Accounts Receivable for $566. (Record the entry to reverse the error first.) If an amount box does not require an entry, leave it blank.

Accounts Receivable
Supplies
Supplies
Accounts Payable

b. A receipt of $3,000 from Fees Earned was recorded and posted as a debit to Fees Earned for $3,000 and a credit to Cash for $3,000. If an amount box does not require an entry, leave it blank.

Cash
Fees Earned

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