Zhoda Ltd. (Zhoda) has been having problems with its bookkeeper. Recently errors have been observed in the bookkeeper’s work. Examine each of the following items and make any journal entry necessary to correct the entries originally made. This question can also be answered using an accounting equation spreadsheet.

a. Zhoda received an advance for work to be done in the next fiscal year. The bookkeeper debited cash and credited revenue for $10,000.

b. Zhoda paid casual employees $2,000 at the end of the working day. The bookkeeper debited wages payable and credited cash.

c. Zhoda paid a dividend to shareholders of $50,000. The bookkeeper debited dividend expense and credited cash for $50,000.

d. Zhoda delivered $5,000 in merchandise to a customer who had already paid. The bookkeeper debited unearned revenue and credited accounts receivable.