On March 1, it was discovered that the following errors took place injournalizingandpostingtransactions:

a.The receipt of $8,400 for services rendered was recorded as adebitto Accounts Receivable and acreditto Fees Earned.b.The purchase of supplies of $2,500 on account was recorded as a debit to Office Equipment and a credit to Supplies.Journalize the entries on March 1 to correct the errors. Use two entries to correct the error described in (b). (That is, record an entry to reverse the incorrect entry and a second entry to record the correct entry.) Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTSGeneral

Ledger

ASSETS

11Cash

12Accounts Receivable

13Supplies

14Prepaid Insurance

15Land

16Office Equipment

17Automobiles

LIABILITIES

21Accounts Payable

22Unearned Rent

23Notes Payable

24Salaries Payable

EQUITY

31Common Stock

32Retained Earnings

33Dividends

REVENUE

41Fees Earned

42Sales Commission

EXPENSES

51Advertising Expense

52Automobile Expense

53Insurance Expense

54Rent Expense

55Salary Expense

56Supplies Expense

57Utilities Expense

58Miscellaneous Expense