Cash of $8,800 received on account was recorded as a debit to Fees Earned and a credit to Cash

The following errors took place in journalizing and posting transactions:

a. Cash of $8,800 received on account was recorded as a debit to Fees Earned and a credit to Cash.

b. A $1,760 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable.

Journalize the entries to correct the errors. Omit explanations.

Answer:

Cash 17,600  Fees Earned  8,800 Accounts Receivable  8,800  Accounts Payable* 1,760  Supplies Expense  1,760    Ex. 2–22  a.     b.   Supplies 1,760  Cash  1,760  

* The first entry reverses the original entry. The second entry is the entry that should have been made initially.