Case Two Complete the following purchase in the General J ournal: Purchase Invoice #DES'm: Dated May 1. 2020 From Devon Equipment 00., $600 plus $30 GST for a demolition chute that places debris directly into a bin. Invoice total $630. Terms: net 30 days. After posting the above transaction, you realize that the equipment was rented instead of purchased, so it should be charged to the equipment rental expense account. Make the corrections necessary to reect this expense accurately. Why is it important to make the correction? What if another expense account were used as the original incorrect account so that the income would not change on the income statement? Would it still be necessary to make the correction? Why