Problem 4-06A a-b (Part Level Submission) Horace Culpepper, CPA, was retained by Ivanhoe Cable to prepare financial statements for April 2020. Horace accumulated all the ledger balances per Ivanhoe's records and found the following. Ivanhoe Cable Trial Balance April 30, 2020 Credit Debit $4,200 3,300 700 10,200 $1,300 2,300 Cash Accounts Receivable Supplies Equipment Accumulated Depreciation-Equip. Accounts Payable Salaries and Wages Payable Unearned Service Revenue Owner's Capital Service Revenue Salaries and Wages Expense Advertising Expense Miscellaneous Expense Depreciation Expense 700 900 12,000 5,800 3,200 600 350 450 $23,000 $23,000 Horace Culpepper reviewed the records and found the following errors. 2 Cash received from a customer on account was recorded as $710 instead of $440. A payment of $77 for advertising expense was entered as a debit to Miscellaneous Expense $77 and a credit to Cash $77. The first salary payment this month was for $1,800, which included $700 of salaries payable on March 31. The payment was recorded as a debit to Salaries and Wages Expense $1,800 and a credit to Cash $1,800. (No reversing entries were made on April 1.) The purchase on account of a printer costing $400 was recorded as a debit to Supplies and a credit to Accounts Payable for $400. A cash payment of repair expense on equipment for $86 was recorded as a debit to Equipment $34 and a credit to Cash $34. 5. (a) Prepare an analysis of each error showing (1) the incorrect entry, (2) the correct entry, and (3) the correcting entry. Items 4 and 5 occurred on April 30, 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) INCORRECT ENTRY No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (2) CORRECT ENTRY No. Account Titles and Explanation Debit Credit 1 2. 3. 4. 5. (3) CORRECTING ENTRY No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5