Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not i The following journal entries were prepared by an employee of International Marketing Company who does not have an adequat knowledge of accounting. GENERAL JOURNAL PAGE 3 Post. Date Description Ref. Debit Credit 20X1 April 1 Accounts Payable 12,800 Fees Income 12,800 Performed services on credit 2 Cash 660 Telephone Expense Paid for March telephone service, Check 1917 3 office Equipment 8,480 office Supplies 960 Accounts payable 9,440 Purchased file cabinet and office supplies, Check 1918 660 Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were paid for entire 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. Analyze: --- Prey 5 of 6 BBB BE Next > Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Analyze Examine the above journal entries carefully and prepare the correcting journal entries. No Date General Journal Apr 30, 20x1 Fees income Accounts receivable Debit 1 Credit 12,880 12,880 2 Apr 30, 20X1 Telephone expense Cash 660 660 3 Apr 30, 20X2 660 Telephone expense Cash 660 4 Apr 30, 20X1 8,480 Office equipment Office supplies Cash 960 X 9,440 X Gantral DUIT Analyze > Answer is not complete. Complete this question by entering your answers in the tabs below. General Journal Analyze After the correcting journal entries have been posted, what effect do the correcting entries have on the compar assets? ssets Increased by 12,880