Question 6 of 6 View Policies - / 17 Current Attempt in Progress Horace Culpepper, CA, was retained by Waterway Cable to prepare financial statements for April 2020. Horace accumulated all the ledger balances per Waterway's records and found the following. Waterway Cable Trial Balance April 30, 2020 Debit Credit Cash 4,264 Accounts Receivable 3,328 Supplies 832 Equipment 11,232 Accumulated Depreciation Equip. 1.404 Accounts Payable 2.184 Salaries and Wages Payable 728 Unearned Service Revenue 928 Share Capital-Ordinary 10.504 Retained Earnings 2,912 Service Revenue 5.876 Salaries and Wages Expense 3,432 Advertising Expense 624 Miscellaneous Expense 304 Depreciation Expense 520 24,536 24,536 Horace Culpepper found the following errors. 1 Cash received from a customer on account was recorded as 988 instead of 616 2. 3. A payment of 84 for advertising expense was entered as a debit to Miscellaneous Expense 84 and a credit to Cash 84 The first salary payment this month was for 1.976, which included 728 of salaries payable on March 31. The payment was recorded as a debit to Salaries and Wages Expense 1,976 and a credit to Cash 1.976. (No reversing entries were made on April 1.) 4 The purchase on account of a printer costing 320 was recorded as a debit to Supplies and a credit to Accounts Payable for 320. 5. A cash payment of repair expense on equipment for 101 was recorded as a debit to Equipment 79 and a credit to Cash 79. Prepare an analysis of each error showing (1) the incorrect entry, (2) the correct entryand (3) the correcting entry. Items 4 and 5 occurred on April 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amount (1) INCORRECT ENTRY No. Account Titles and Explanation Debit Credit 2. 3 15. w (2) CORRECT ENTRY No. Account Titles and Explanation Debit Credit 5. (3) CORRECTING ENTRY No. Account Titles and Explanation Debiu Credit MI w Prepare a correct trial balance. (Do not list those accounts that have zeruanding balance) WATERWAY CABLE Trial Balance Debit Credit Totals Attempts: 0 of 3 used SA AL Using multiple attempts will impact your score