1

2

3

4

Current Attempt in Progress When Alexander Company purchased supplies for cash of $500, it incorrectly recorded the journal entry as a credit to Supplies for $5,000 and a debit to Cash for $5,000. Before correcting this error O Cash is overstated and Supplies is overstated. O Cash is understated and Supplies is overstated. O Cash is overstated and Supplies is understated. O Cash is understated and Supplies is understated. Current Attempt in Progress Cash of $100 received at the time the service was provided was journalized and posted as a debit to Cash $100 and a credit to Accounts Receivable $100. Assuming the incorrect entry is not reversed, the correcting entry is O debit Accounts Receivable $100 and credit Service Revenue $100. O debit Service Revenue $ 100 and credit Accounts Receivable $100. O debit Accounts Receivable $100 and credit Cash $100. O debit Cash $100 and credit Service Revenue $100. Correcting entries are made O at the end of an accounting period. O at the beginning of an accounting period. O whenever an error is discovered. O after closing entries. Current Attempt in Progress Whitman Company paid $630 cash on account to a creditor. The journal entry for this transaction was incorrectly recorded as a debit to Cash of $360 and a credit to Accounts Receivable of $360. The correcting entry is O debit to Accounts Receivable, $630, and credit to Accounts Payable, $630. O debit to Accounts Receivable, $360, and credit to Cash, $360. O debit to Accounts Payable, $630, debit to Accounts Receivable, $360, and credit to Cash, $990. O debit to Accounts Payable, $630, and credit to Cash, $630