accounting

Q#3) Auditor has discovered the following errors- i. Cash of $1000 received at the time the service was provided was journalized and posted as a debit to Cash $1000 and a credit to Accounts Receivable $1000. ii. When HICO Company purchased supplies worth $600 on cash, it is incorrectly recorded a credit to Supplies for $6,000 and a debit to Cash for $6,000. iii. A collection on account from a customer for $870 was recorded as a debit to Cash $870 and a credit to Service Revenue $870. iv. The purchase of store supplies on account for $1,670 was recorded as a debit to Supplies $1,760 and a credit to Accounts Payable $1,760. v. Payment on account of $940 to a creditor was debited to Accounts Payable $490 and credited to Cash 3490. T T J L vi. $800 withdrawal of cash by owner for personal use was debited to Salaries and Wages Expense $800 and credited to Cash $800. Instructions Prepare the correcting entries. (12)