Exercise 2 Dana Bowen Company is a small business owned by Dana Bowen. She provided us with the documents for the year ended April 30, 2022. She is concerned that there are a number of errors in all documents made by her accountants Required: Determine what those errors are and correctly recalculate amounts in all documents. Journal Entries: a) Cash 6,500 Dana Bowen, Capital 6,500 b) Equipment 2,500 Dana Bowen, Capital 2,500 c) Rent Expense 400 Cash 400 d) Cash 400 Fees Earned 400 e) Accounts Receivable 1,250 Fees Earned 1,250 1) Supplies 870 Accounts Payable 870 g) Wages Expense 420 Cash 4201 h) Prepaid Insurance 1,940 Cash 1,940 i) Cash 2,500 Fees Earned 2.500 j) Miscellaneous Expense 50 Cash 50 k) Dana Bowen, Drawing 350 Cash 350 1) Cash 930 Unearned Revenue 930 Adjusting Entries: m) Supplies Expense 540 Supplies 540 n) Accounts Receivable 385 Fees Earned 385 o) Insurance Expense 725 Prepaid Insurance 725 p) Accumulated Depreciation 130 Depreciation Expense q) Wages Expense 225 Wages Payable 225 r) Unearned Revenues 590 22 130 Fees Earned 590