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a. On December 31, 2017, Wolfe-Bache Corporation falled to accrue office supplies expense of $1,850. In January 2018, whent received the bill from its supplier, Wolfe-Bache made the following entry Office supplies expense1,850 Cash 1,850 b. On the last day of 2017, Midwest Importers received a $91,000 prepayment from a tenant for 2018 rent of a bullding. Midwest recorded the recelpt as rent revenue. c. At the end of 2017, Dinkins-Lowery Corporation falled to accrue Interest of $8,100 on a note recelvable. At the beginning of 2018, when the company received the cash, it was recorded as Interest revenue. Required: For each error 1. What would be the effect of each error on the Income statement and the balance sheet in the 2017 financial statements? 2. Prepare any journal entries each company should record in 2018 to correct the errors. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What would be the effect of each error on the income statement and the balance sheet in the 2017 financial statements? Income Statement Balance Sheet Balance Sheet ncome Statement Balance Sheet Prepare any journal entries each company should record in 2018 to correct the errors. (If no entr select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record correction of rent received in advance. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Record correction of interest revenue on note receivable. Note: Enter debits before credits. Transaction General Journal Debit n Credit Record entry Clear entry View general jour eto search