The following cash receipts journal contains five entries. All five entries are for legitimate cash receipt transactions, but the journal contains some errors in recording the transactions. In fact, only one entry is correct, and each of the other four entries contains one error.

\section*{Required}
1. Identify the correct entry.
2. Identify the error in each of the other four entries.
3. Using the following format, prepare a corrected cash receipts journal.

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Debits Cash Receipts Journal Credits Page 13 Other Accounts Cost of Goods Sales Accounts Sales Date Cash Discounts Receivable Revenue Account Title Post. Ref. Sold Debit Amount Inventory Credit 290 516 600 600 7 429 22 Marvin Trent 451 12 2,160 Note Receivable 13 2,000 Interest Revenue 45 160 18 330 150 24 1,100 770 3,689 622 770 930 Totals 2,611 440 (11) (42) (12) (41) () (51/13) Total Dr. $4,311 = Total Cr. = $4,311