Record correcting entries for each of the following errors;
i. A cash purchase of office equipment for $420 was journalized as a cash pur¬
chase of store equipment for $420. (Use the ruling method; assume the entry was not posted.)
X An entry for a $360 cash payment for office supplies was journalized as $306.
(Use the ruling method; assume the entry was not posted.)
:. A $730 payment for repairs was journalized and posted as a debit to Building instead of a debit to Repair Expense. (Use the correcting method to journalize the correction.)
i. A $630 premium for liability insurance was journalized and posted as $360.
(Use the correcting method to journalize the correction.)
P.O. 4,5 Journalize correcting entries.