The following errors took place in journazlizing and posting transactions.
a) A withdrawal of $15,000 by Gerald Owen, owner of the business, was recorded as a debit to wages expense and a credit to cash.
b) Rent of $4,500 paid for the current month was recorded as a debit to Rent expense and a credit to prepaid rent.
c) A $550 purchase of supplies on account was recorded as a debit to Misc expense, and a credit to prepaid rent.
d) Cash of $3750 received on account was recorded as a debit to accounts payable and a credit to cash
Journalize the entries to correct the errors, omit explanations.© BrainMass Inc. brainmass.com February 24, 2021, 2:36 pm ad1c9bdddf
Entries to correct errors are made.