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 journalizing and posting transactions: a....

Extracted 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 journalizing and posting transactions: a. 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 Insurance. 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.