The following errors took place in journalizing and posting transactions: Insurance of $18,800 paid for the current year was recorded as a debit to Insurance Expense and a credit to Prepaid Insurance. Dividends of $18,000 were recorded as a debit to Wages Expense and a credit to Cash. Journalize the entries to correct the errors.
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The following errors took place in journalizing and posting transactions:
Insurance of $18,800 paid...
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