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3 SulanerindWoge byene SelariesundWage Pryabe 4. Tajprest Nooine Pantive 5. Mainsenance and Regain Eperoe Cash (3) CORRECTING ENTRY No. Account rutes and Explanation Debit Credit
3 SulanerindWoge byene SelariesundWage Pryabe 4. Tajprest Nooine Pantive 5. Mainsenance and Regain Eperoe Cash (3) CORRECTING ENTRY No. Account rutes and Explanation Debit Credit 1. Acoum Ricent/4 Meceluncui Expene Solutis andWapi Dopena 4. Gevipment supples 5. Mintaninot andfleptri Doperes Equpment Horate Calpepper, CPA was tetalined by Ivarhoe Cotle to pecoure financial statements for April 2022 . Herace atcurvulated al the Horate Culpepper then reviewed the recordsand found the following errors 1. Cashrecelved froma customer on account was recorded as $630 instesd of $360 2. A payment of $80 for advertising experse was entered as a debit to Mivcell ancous Equenae 580 and a creda to Cash $80. 3. The first salary payment in April was for $1.800, which included $600 of salaries payable on March 31 The payment was recorded as a debit to Salaries and Waes Everse $1,500 and a credit to Cash $1,800. No reveraing entries were made on April 1) 4. The purchase on atcount of a printer costing 5370 was recorded as a debit to Supplies and a credit to Accounts Parabie for $370. 5. A cash pamment of repair expense on equ loment for $73 was recorded as a debit to Equipment $37 and a credit to Cash $37. Preparean analysis of eacherror showing (1) the incorrect entry, (2) the correct entry, and (3) the coctecting entry ftems 4 and 5
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