please help with the Analyze part, thanks!

Just need help figuring out the Analyze part.

CHAPTER blem 4.38 ctive 44 Recording correcting entries. All the journal entries shown below contain errors. The entries were prepared by an employee of Helena Corporation who does not have an adequate knowledge of accounting. INSTRUCTIONS Examine the journal entries carefully to locate the errors. Prepare journal entries to correct the errors. Assume that Office Supplies and Office Equipment were recorded at the correct values. However, the items were purchased with cash. Check 1602 was properly processed in the account ing records and was not for the January 3, 20X1. items purchased. Assume the errors are found and corrected on the last day of the month GENERAL JOURNAL PAGE DATE DESCRIPTION POST HER DEBIT CREDIT 1 2 Jan 110 000 1 Accounts Payable Fees Income Avformed services on credit 2 110 000 4 75 000 6 21 Cash Telephone Expense Fold for January telephone: service. Check 1601 7 50 00 9 10 10 11 125 000 25 000 11 13 3 Onice Equipment Office Supplies Accounts Payable Purchased file cabinet and office supplies, Check 1602 12 150 000 14 14 15 16 15 116 Analyze: After the correcting journal entries have been posted, what effect do the correcting entries have on the reported assets of the company