Cullumber Inc. mistakenly recorded an EFT payment as $$799$ that was written for $$979$ in payment of an amount owing to one of the

company's suppliers. In addition, the company noticed that the bank had mistakenly deducted a cheque for $$348$ from its bank account

that was written by another company.

Identify any entries required on Cullumber's books to correct these errors. $($List all debit entries before credit entries. Credit account titles

are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$($To correct error by company$)$

$($To correct error by bank$)$