Question: Question Content Area The following errors took place in journalizing and posting transactions: a . A withdrawal of $ 5 , 0 0 0 by
Question Content Area
The following errors took place in journalizing and posting transactions:
a A withdrawal of $ by Stan Norton, owner of the business, was recorded as a debit to Office Expense and a credit to Cash.
b A receipt of $ cash from a customer on account was recorded as a debit to Cash and a credit to Fees Earned.
Journalize the entries to correct the errors. Omit the explanations. If an amount box does not require an entry, leave it blank.
a
Accounts ReceivableCashOffice ExpenseStan Norton, CapitalStan Norton, Drawing
Accounts ReceivableCashOffice ExpenseStan Norton, DrawingSupplies
b
Accounts PayableAccounts ReceivableCashFees EarnedStan Norton, Capital
Accounts PayableAccounts ReceivableCashFees EarnedStan Norton, Capital
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