Transcribed Image Text: Advertising Expense. 275,000 Miscellaneous Expense.. 16,600 1,801,500 1,801,500 EX 2-21 Entries to correct errors Obj. 4 The following errors took place in
Transcribed Image Text: Advertising Expense.
Entries to correct errors
The following errors took place in journalizing and posting transactions:
Insurance of $18,000 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid
SHOW ME HOW
b. Dividends of $10,000 were recorded as a debit to Wages Expense and a credit to Cash.
Journalize the entries to correct the errors. Omit explanations.
How it Works
It only takes a couple of minutes to fill in your details, select the type of paper you need (essay, term paper, etc.), give us all necessary information regarding your assignment.
Once we receive your request, one of our customer support representatives will contact you within 24 hours with more specific information about how much it'll cost for this particular project.
After receiving payment confirmation via PayPal or credit card – we begin working on your detailed outline, which is based on the requirements given by yourself upon ordering.
Once approved, your order is complete and will be emailed directly to the email address provided before payment was made!