On June 1 , the cash account balance was $90,530. During June, cash receipts totaled $342,360 and the June 30 balance was $77,650. Determine the cash payments made during June. Journalize the entries to correct the following errors: a. A purchase of supplies for $243 on account was recorded and posted as a debit to Supplies for $577 and as a credit to Accounts Recelvable for $577. (Record the entry to reverse the error first.) If an amount box does not require an entry, leave it blank. b. A recelpt of $5,394 for Fees Earned was recorded and posted as a debit to Fees Earned for $5,394 and a credit to Cash for $5,394, If an amount box does not require an entry, leave it blank. On March 1 , a business paid $5,040 for a 12 -month liability insurance policy. On April 1 , the business entered Into a two-year rental contract for equipment at a total cost of $31,800. Determine the following amounts: a. Insurance expense for the month of March b. Balance in Prepaid Insurance as of March 31 c. Equipment rent expense for the month of April d. Balance in Prepaid Equipment Rental as of April 30