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13. At Buraq Company, the following errors were discovered after the transactions had been journalized and posted. 1. A collection on account from a

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13. At Buraq Company, the following errors were discovered after the transactions had been journalized and posted. 1. A collection on account from a customer for OMR980 was recorded as a debit to Cash OMR 980 and a credit to Service Revenue OMR 980. 2. The purchase of store supplies on account for OMR 1,670 was recorded as a debit to Supplies OMR 1,760 and a credit to Accounts Payable OMR 1,760. Business Administration Program Final Assessment Semester Fall 2020 Instructions: (a) Correct the errors by reversing the incorrect entry and preparing the correct entry. (2 Marks) (b) Correct the errors without reversing the incorrect entry. (2 Marks)

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