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APPLICATION PROBLEM Journalizing correcting entries The following errors were discovered after the incorrect entries were already journalized and 4-4 posted. Transactions: Apr. 1. Discovered that a transaction for utilities expense was journalized and posted in error as a debit to Repairs Expense instead of Utilities Expense, $265.00. M66. 5. Discovered that a cash investment by Manuel Ricardo, owner, was journalized and posted in error as a credit to Sales instead of Manuel Ricardo, Capital, $600.00. M67 Instructions: Journalize each correcting entry discovered during April of the current year. Use page 7 of the journal given below 1. Application Problem 4-4 Page 7 JOURNAL Doc. Sales Cash Date Account Ttle Debit Credit Debit Credit