The following Joumal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting. GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit 15,400 15,400 Date Description 2exi April 1 Accounts Payable Fees Income Performed services on credit 2 Cash Telephone Expense Paid for March telephone service, Check 1917 670 670 8,560 970 3 Office Equipment Office Supplies Accounts payable Purchased file cabinet and office supplles, Check 1918 9.530 Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were paid for entirely in cash, not on credit. Assume the errors are found and corrected on the last day of the month.) Required: Examine the above journal entries carefully and prepare the correcting Journal entries. Analyze: After the correcting Journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Complete this question by entering your answers in the tabs below. General Journal Analyze Examine the above journal entries carefully and prepare the correcting journal entries. View transaction met Journal entry worksheet The following Journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit 15,4ee 15,480 Date Description 2exi April 1 Accounts Payable Fees Income Performed services on credit 2 Cash Telephone Expense Paid for March telephone service, Check 1917 670 670 8,560 978 3 Office Equipment Office Supplies Accounts payable Purchased file cabinet and office supplles, Check 1918 9.530 (Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were paid for entirely in cash, not on credit. Assume the errors are found and corrected on the last day of the month.) Required: Examine the above journal entries carefully and prepare the correcting Journal entries. Analyze: After the correcting Journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Complete this question by entering your answers in the tabs below. General Journal Analyze Examine the above journal entries carefully and prepare the correcting journal entries. View transaction at Journal entry worksheet The following Joumal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting. GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit 15,4ee 15,480 Date Description 2exi April 1 Accounts Payable Fees Income Performed services on credit 2 Cash Telephone Expense Paid for March telephone service, Check 1917 670 670 8,560 970 3 Office Equipment Office Supplies Accounts payable Purchased file cabinet and office supplies, Check 1918 9.530 (Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were paid for entirely in cash, not on credit. Assume the errors are found and corrected on the last day of the month.) Required: Examine the above journal entries carefully and prepare the correcting Journal entries. Analyze: After the correcting Journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Complete this question by entering your answers in the tabs below. General Journal Analyze Examine the above journal entries carefully and prepare the correcting journal entries. View transaction llat Journal entry worksheet 2 3 Record the correct journal entry for payment made for March telephone service, Check 1917. Note: Enter debits before credits. General Journal Debit Credit Date Apr 30, 20X1 Record entry Clear entry View general Journal General Joumal Analyze > The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting, GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit 15,400 15,480 Date Description 2exi April 1 Accounts Payable Fees Income Performed services on credet 2 Cash Telephone Expense Poid for Murch telephone service, Check 1917 670 670 8,560 978 3 Office Equipment Office Supplies Accounts payable Purchased file cabinet and office supplies, Check 1918 9.530 Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were paid for entirely in cash, not on credit. Assume the errors are found and corrected on the last day of the month.) Required: Examine the above journal entries carefully and prepare the correcting journal entries. Analyze: After the correcting Journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Complete this question by entering your answers in the tabs below. General Journal Analyze Examine the above journal entries carefully and prepare the correcting journal entries. View transaction Mat Journal entry worksheet The following Journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting. GENERAL JOURNAL PAGE 3 Post. Date Description Ref. Debit Credit 2exi April 1 Accounts Payable 15,400 Fees Income 15,482 Performed services on credit 2 Cash Telephone Expense 670 Poid for Murch telephone service, Check 1917 670 8,560 978 3 Office Equipment Office Supplies Accounts payable Purchased file cabinet and office supplles, Check 1918 9,532 Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were pald for entirely in cash, not on credit. Assume the errors are found and corrected on the last day of the month.) Required: Examine the above journal entries carefully and prepare the correcting journal entries. Analyze After the correcting Journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Complete this question by entering your answers in the tabs below. General Journal Analyze After the correcting journal entries have been posted, what effect do the correcting entries have on the company's reported assets? Assets by