Question 5: (20 points) Peter Cook, CPA, was asked by Carol Kane to review the accounting records and prepare the financial statements for her upholstering shop. Peter reviewed the records and found three 1. Cash paid on accounts payable for $830 was recorded as a debit to Accounts Payable $380 and a credit to Cash $380 2. The purchase of supplies on account for $600 was debited to Equipment $600 and credited to Accounts Payable $600. 3. Carol withdrew $1,300 of cash and the bookkeeper debited Accounts Receivable for $130 and credited Cash $130. Instructions Prepare an analysis of each error showing the (a) incorrect entry (b) correct entry. (c) correcting entry. Corn A/P 330 A/P 38o