Question:
Journalize the entries to correct the errors. Omit explanations.
The following errors took place in journalizing and posting transactions:
a. The purchase of supplies of $2,690 on account was recorded as a debit to Office Equipment and a credit to Supplies.
b. The receipt of $3,750 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.
Journalize the entries to correct the errors. Omit explanations.