Q 2.22: Jacqueline is an accountant for Homan Industries. When the company purchased $3,542,870, Jacqueline made the following entry in the journal: Land Cash Notes Payable 3,542,870 354,287 3,188,538 (purchase land with 10% cash down payment and a loan from the bank) What do you think will happen when Jacqueline equals the debits and credits in the journal? A Jacqueline will likely not notice her mistake. Jacqueline will notice that her compound entry should have been two simple entries and correct her mistake. Jacqueline will notice her transposition error and correct her mistake. Dacqueline will notice that she reversed the debits and credits for each account and correct her mistake