01. (25 marks) Campbell began an engineering design company and during the month of October completed these transactions:(a) Began business by investing cash, $11,000, and computer equipment with a fair value of $3.000 (b) Paid rent for one year in advance, $3,000 (e) Completed a beam design and billed the client for $3.000 (d) Paid the utilities bill for the month, $100.(e) Wrote a $1,000 cheque on the business bank account for personal expertes. Prepare journal entries to record the above transactions. Include a brief description for each entry mersive 21 mars) For the current year, the profit of Zegna and Fegna was incorrectly calculated as $547,715 for the year ended December 31. You are called in as the accountant to determine the correct profit. Afer examination of the accounts, you find the following errors Overstated Understated (1) Office supplies (ending inventory SIIS Depreciation expense, building 5,800 (3) Depreciation expense, equipment 5650 Salaries payable (end of year) 1.600 Prepaid insurance (end of year 4.400 500 (6) Rent expense Interesten 1.200 Praxes expen 2.500 Services Reno (10) Real een Calculate the cost of this