The following journal entries were prepared by an employee of International Marketing Company who does not have an adequate knowledge of accounting.
INSTRUCTIONS
Examine the journal entries carefully to locate the errors. Provide a brief written description of each error. Assume that Office Equipment and Office Supplies were recorded at the correct values.

Analyze: After the correcting journal entries have been posted, what effect do the corrections have on the company's reported assets?

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GENERAL JOURNAL PAGE- POST DATE DEBIT CREDIT 1 2019 2|Aprガ 1Accounts Payable Fees Income 15810101 00 151810101 0011 3 Performed services on credlt 2 Cash 6 0000 Telephone Expense 600007 Pald for March telephone service, Check 1917 3 Office Equipment Office Supplies 8210101 00 900 00 0013 Purchased file cabinet and 14 office supplles, Check 1918 19