Shaylea, age​ 22, just started working​ full-time and plans to deposit ​$5,700 annually into an IRA earning 9 percent interest compounded annually. Deposits will be made at the end of each year. How much would she have in 20 ​years, 30 ​years, and 40 ​years? If she changed her investment period and instead invested ​$475.00 monthly and the investment also changed to monthly​ compounding, how much would she have after the same three time​ periods? Comment on the differences over time. With annual investments and​ compounding, after 20 ​years, Shaylea would have $_____?

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On March 1, it was discovered that the following errors took place in journalizing and posting transactions:

a.The receipt of $8,400 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.b.The purchase of supplies of $2,500 on account was recorded as a debit to Office Equipment and a credit to Supplies.Journalize the entries on March 1 to correct the errors. Use two entries to correct the error described in (b). (That is, record an entry to reverse the incorrect entry and a second entry to record the correct entry.) Refer to the Chart of Accounts for exact wording of account titles.

CHART OF ACCOUNTSGeneral Ledger

ASSETS Cash Accounts Receivable Supplies Prepaid Insurance Land Office Equipment Automobiles

LIABILITIES Accounts Payable Unearned Rent Notes Payable Salaries Payable

EQUITY Common Stock Retained Earnings Dividends

REVENUE Fees Earned Sales Commission

EXPENSES Advertising Expense Automobile Expense Insurance Expense Rent Expense Salary Expense Supplies Expense Utilities Expense Miscellaneous Expense

How do I journalize the entries on March 1 to correct the errors?

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