The following errors took place in journalizing and posting transactions: Rent of $13,550 paid… 2 answers below »

The following errors took place in journalizing and posting transactions:Rent of $13,550 paid for the current month was recorded as a debit to Rent Expense and a credit to Prepaid Rent.A withdrawal of $14,000 by Ron Sutin, owner of the business, was recorded as a debit to Wages Expense and a credit to Cash.