Question 6-Transaction analysis and recording (12 Marlies) The following is a selection of transactions for Mayan Ltd during June 2020. An examination of the transactions reveals that there are some errors in recording of transactions C June 3 June 1. The office rent payment of $2,800 for four months was recorded as rent expense was debited for $2800 and cash was credited for the same amount The purchase of equipment costing $12,000 on account was recorded as a debit to supplies for $1.2000 and credit to accounts payable for the same amount June 6. The purchase of vehicle costing $10,000 which $3,000 was paid in cash and the remainder on credit was recorded as a debit to vehicle for $3000 and credit to cash for the same amount June 14. $600 advertising costs paid in cash was recorded as a debit to advertising supplies for $600 and credit to cash for the same amount June 15. Payment of $10,000 to the creditors was recorded as a debit to accounts receivable for $10,000 and credit to cash for the same amount. June 20. The invoice issued for a client for $1800 services performed was recorded as a debit to cash for $1800 and credit to accounts receivable for the same amount June 23. $4,000 Cash received from a customer for services that will perform next month was recorded as a debit to cash for $4000 and credit to Service revenue for the same amount. June 30. Payment of a $1000 cash dividend to shareholders was debited to salaries expense for S1000 and credited to cash for the same amount Required a) Explain the error in recording of each transaction b) Present the correct journal entries for each transaction I Focus o it acer