(Solved): Entries to Correct Errors The following errors took place in journalizing and posting transactions: ...

Entries to Correct Errors The following errors took place in journalizing and posting transactions: a. Insurance of

paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance. b. Dividends of

were recorded as a debit to Wages Expense and a credit to Cash. Journalize the entries to correct the errors. If an amount box does not require an entry, leave it blank. a.

b.