Problem 4-4A Accountants for Mainland Catering Service encountered the following situations while Analyzing and journalia a. The company bookkeeper made the following entry to record a $4,900 credit pur ofg adjusting and closing the books at December 31. Consider each situation independently. corrections, adjustmen office equipment: d. Net income underst $220 Nov. 12 Office Supplies 4,900 Accounts Payable ,900 Correct the error by reversing the incorrect entry and preparing the correct entry on December 31. Include an explanation. 1. Chapter 4 Completing the Accounting Cye