The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate nowledge of accounting. GENERAL JOURNAL PAGE 3 Post. Ref. Debit Credit Date Description 20X1 April 1 Accounts Payable Fees Income Performed services on credit 15,800 15,800 600 600 2 Cash Telephone Expense Paid for March telephone service, Check 1917 8,200 900 3 Office Equipment Office Supplies Accounts Payable Purchased file cabinet and office supplies, Check 1918 9,100 Assume that Office Equipment and Office Supplies were recorded at the correct values. However, the items were paid for entirely in ash, not on credit. Assume the errors are found and orrected on the last day of the month.) Required: xamine 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 Increased by