Otterence between Ab WAS Asessment PX Current Attempt in Progress During a maternity leave of the full-time bookkeeper at a privately owned furniture repair business, a temporary employee was involved in the following transact 45:32 Hide Tier 1 Work was completed on the order for one of the customers who had paid the full price in advance of $400 several months ago. At that time, it was recorded as uncanned revenue. The journal entry to record completing the work was a debit to Cash and a credit to Service Revenue 2. Acheque in the amount of $1.000 was received in payment of a customer's account Accounts Receivable was debited and Cash was credited 3 Prepaid insurance for $400 was paid by cheque. The resulting entry included debit to Prepaid Insurance and a credit to insurance Expense for $400. 4. 10 cartridges of printer toner were purchased on account for $450. This transaction was recorded as a debit to Equipment and a credit to Accounts Payable. No cartridges have been used 5. Interest for one month on a $4.800 note payable was crued as a debit to interest Expense and credit to interest Payable for $180. The annual rate of interest is 10% & When the owner, L. Lowe, used 5900 cash for personal expenses, a debit was made to Low Capital and a credit was made to Cash 7. Equipment costine 5350 was purchased on account. This was recorded with a debit to Repairs Expense and credit to Cash Correct each error by reversing the incorrect entry and then recording the correct entry. Creditcontities are automatically indented when the amount is entered. Do not inden Debit Credit Account Titles and Explanation 1. Reversing incorrect entry Correctory O Type here are 3 it e