WAHT IS THE ANSWER OF THE RED BOX

Dao Vang reviewed the records and found the following errors. 1. Cash received from a customer on account was recorded as $950 instead of $590. 2. A payment of $71 for advertising expense was entered as a debit to Miscellaneous Expense $71 and a credit to Cash $71. 3. The first salary payment this month was for $1,800, which included $700 of salaries payable on March 31. The payment was recorded as a debit to Salaries and Wages Expense $1,800 and a credit to Cash $1,800. (No reversing entries were made on April 1.) The purchase on account of a printer costing $330 was recorded as a debit to Supplies and a credit to Accounts Payable for $330. A cash payment of repair expense on equipment for $91 was recorded as a debit to Equipment $19 and a credit to Cash $19. 4. 5. (a) Your answer is partially correct. Try again. Prepare an analysis of each error showing the incorrect entry, the correct entry, and the correcting entry. Items 4 and 5 occurred on April 30, 2019. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) INCORRECT ENTRY No. Account Titles and Explanation Debit Credit 1. Cash 950 Accounts Receivable 950 2. Miscellaneous Expense 71 Cash 3. Salaries and Wages Expense 1,800 Cash 4. Supplies 330 Accounts Payable 330 5 Equipment 19 Cash 19 CORRECT ENTRY No. Account Titles and Explanation 1 cash Debit Credit 590 Accounts Receivable 590 2. Advertising Expense 71 Cash 71 3. Salaries and Wages Expense 1100 Salaries and Wages Payable 700 Cash 1,800 Equipment 330 Accounts Payable 330 Maintenance and Repairs Expense 91 Cash 91 RRECTING ENTRY Account Titles and Explanation Debit Credit Accounts Receivable 360 Cash 360 Advertising Expense 71 Miscellaneous Expense 71 Salaries and Wages Payable 700 3. Salaries and Wages Payable 700 Salaries and Wages Expense 700 4. Equipment 330 Supplies 330 S. Maintenance and Repairs Expense 91 Equipment 19 Cash 72