(10 Marks) Q1: Record correction entries for the following errors: 1. Prepaid interest 1500 Interest expenses 1500 The adjusting entry for interest payable paid 2. Office supplies 7200 Supplies expenses 7200 Purchase office supplies on cash at 2700 3. Account receivable 1500 Cash 1500 Paid the amount of account payable for Qur 15000 with interest 10% 4. Cash 57000 Preferred share 57000 Company issued Omr 75000 bonds 5. Cash 1500 Interest receivable 1500 The adjustment entry for Interest revenue not received. 6. Cash 5200 Interest payable 1200 Lease liability 6400 Annual payment for lease