The following is the Bravo Unlimited adjusted Trial Balance.

Bravo Unlimited

Adjusted Trial Balance

December 31, 2017

Account Title:Debit:Credit:

Cash$88,450

Accounts Receivable331,860

Supplies11,255

Prepaid Rent5,500

Equipment295,285

Accumulated Depreciation236,260

Accounts Payable72,555

Wages Payable10,000

Capital Stock220,000

Retained Earnings 111,145

Service Revenue898,105

Interest Income1,500

Rent Expense66,000

Wages Expense537,260

Supplies Expense42,520

Utilities Expense8,595

Depreciation Expense156,000

Interest Expense6,840

As the senior accountant you had just prepared & posted the journal entry that closed the revenue accounts to the Income Summary Account. Suddenly you notice that your bookkeeper made a tragic error in recording one of the expenses during the December utility bill as a debit to Accounts Receivable and a credit to Wages Expense to $500. Use this information to prepare the compound general journal entries (without explanation) needed to:

a.Correct the error

b.Record the closing entry for the expenses