Analyze: After the correcting journal entrles have been posted, what effect do the correcting entrles have on the company's reported assets? Complete this question by entering your answers in the tabs below. Examine the above journal entries carefully and prepare the correcting journal entries. Journal entry worksheet Record the rectification entry for Performing services on credit. Note: Enter debits before credits. Analyze: After the correcting Journal entrles have been posted, what effect do the correcting entrles have on the company's reported assets? Complete this question by entering your answers in the tabs below. Examine the above journal entries carefully and prepare the correcting journal entries. Complete this question by entering your answers in the tabs below. After the correcting journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Problem 4.3A (Algo) Recording correcting entries. LO 4.4 The following journal entries were prepared and posted by an employee of Global Travel Agency who does not have an adequate knowledge of accounting. (Assume that Office Equipment and Office Supplies were recorded th the correct values. However, the items were paid for entirely in cash, not on credit. Assume the errors are found and corrected on the last day of the month.) Required: Examine the above journal entries carefully and prepare the correcting journal entries