The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting. (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. Examine the above journal entries carefully and prepare the correcting journal entries. Journal entry worksheet 4. Record the rectification entry for Performing services on credit. Notes Enter dobits before credits camine the above journal entries carefully and prepare the correcting journal entries. Journal entry worksheet 4 Record a reverse of the incorrect journal entry, Check 1917. Notes Enter debits before credits. Examine the above journal entries carefully and prepare the correcting journal entries. Journal entry worksheet Record the correct journal entry for payment made for March telephone service, Check 1917. Note: Enter debits before credits. Examine the above journal entries carefully and prepare the correcting fournal entries. Journal entry worksheet Record the rectification entry for purchasing file cabinet and office supplies, check 1918. Note: Enter debits before credits. 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. After the correcting journal entries have been posted, what effect do the correcting entries have on the company's reported assets