ACC 108 Accounting with Project 1 Service Co Corrections Exercise, 25 pts. Prosed You will be provided a [Student Name) Accounting Services Incorrect.ptb file on Canvas that has the following transactions completed during the month of January. You are to analyze the transactions comparing them to the computer source documents to find the errors. You will then fix the errors in the computer source documents. Do not just redo the transactions. The purpose of this project is to leam how to find and fix errors. After fixing all the errors, prepare the account reconciliation. Date Transaction there are 9 errors in the transactions Jan 2 Owner invested $50,000 cash in the business. Jan 2 Purchased computer equipment on account from Computers R Us for $13,000 using a long- term note payable. Jan 2 Purchased office equipment from Office Max on account, $3,020, Invoice #8132. Jan 2 Paid $2,400 to Howland Insurance for a 12-month insurance policy, begin with Check #1500. Jan 2 Pay CRM Inc. $1,200 for the monthly rent, Check #1501. Jan 2 Pay Kalamazoo Gazette $500 for January advertising, Check #1502. Jan 2 Purchased office supplies on account from Office Supply Co., Invoice #846, $1,365. Jan 3 Received Check #876 from Paul Johnson for 5.5 hours of accounting services, Receipt #50. Jan 5 Performed 14.75 hours of accounting services on account for Wilson Management Co., Invoice #150. Jan 12 Performed 21.25 hours of accounting services on account for Broncos Health Supply Co., Invoice #151. Jan 15 Received payment from Wilson Management in payment of Invoice #150, Check #2315. Jan 20 Purchased office supplies from Office Supply Co. on account, $325, Invoice #871. Jan 24 Received Check #1912 from Jim Ryan for 4 hours of accounting services performed, Receipt #51. Jan 26 Received Check #3287 from Jon Smith for 2.75 hours of accounting services performed, Receipt #52. Jan 26 Received payment from Broncos Health Supply in payment of Invoice #151, Check #4810. Jan 27 Pay Board of Water and Light for electric bill, $152, and water/sewer, $35, Check #1503. Jan 28 Pay Consumers Power for the gas bill, $356, Check #1504. Jan 28 Pay Ameritech for the telephone bill, $87, Check #1505. Jan 29 Performed 6.75 hours of accounting services on account for Mattress World, Invoice #152 Jan 31 Owner withdrew $2,000 from the company for personal use. Check #1506. 86 Y=Prior Year, XX=Current Year, X1=Next Year ACC 108 Accounting with Project 1 Service Co Corrections Exercise, 25 pts. Prosed You will be provided a [Student Name) Accounting Services Incorrect.ptb file on Canvas that has the following transactions completed during the month of January. You are to analyze the transactions comparing them to the computer source documents to find the errors. You will then fix the errors in the computer source documents. Do not just redo the transactions. The purpose of this project is to leam how to find and fix errors. After fixing all the errors, prepare the account reconciliation. Date Transaction there are 9 errors in the transactions Jan 2 Owner invested $50,000 cash in the business. Jan 2 Purchased computer equipment on account from Computers R Us for $13,000 using a long- term note payable. Jan 2 Purchased office equipment from Office Max on account, $3,020, Invoice #8132. Jan 2 Paid $2,400 to Howland Insurance for a 12-month insurance policy, begin with Check #1500. Jan 2 Pay CRM Inc. $1,200 for the monthly rent, Check #1501. Jan 2 Pay Kalamazoo Gazette $500 for January advertising, Check #1502. Jan 2 Purchased office supplies on account from Office Supply Co., Invoice #846, $1,365. Jan 3 Received Check #876 from Paul Johnson for 5.5 hours of accounting services, Receipt #50. Jan 5 Performed 14.75 hours of accounting services on account for Wilson Management Co., Invoice #150. Jan 12 Performed 21.25 hours of accounting services on account for Broncos Health Supply Co., Invoice #151. Jan 15 Received payment from Wilson Management in payment of Invoice #150, Check #2315. Jan 20 Purchased office supplies from Office Supply Co. on account, $325, Invoice #871. Jan 24 Received Check #1912 from Jim Ryan for 4 hours of accounting services performed, Receipt #51. Jan 26 Received Check #3287 from Jon Smith for 2.75 hours of accounting services performed, Receipt #52. Jan 26 Received payment from Broncos Health Supply in payment of Invoice #151, Check #4810. Jan 27 Pay Board of Water and Light for electric bill, $152, and water/sewer, $35, Check #1503. Jan 28 Pay Consumers Power for the gas bill, $356, Check #1504. Jan 28 Pay Ameritech for the telephone bill, $87, Check #1505. Jan 29 Performed 6.75 hours of accounting services on account for Mattress World, Invoice #152 Jan 31 Owner withdrew $2,000 from the company for personal use. Check #1506. 86 Y=Prior Year, XX=Current Year, X1=Next Year