Question: Huct Activation Failed) - el Heading 1 Heading 4 ext tablehead 1 No Spaci.. Normalti... Heading 2 Heading 3 Title Styles Question 2 (20 marks)

Huct Activation Failed) - el Heading 1 Heading 4 ext tablehead 1 No Spaci.. Normalti... Heading 2 Heading 3 Title Styles Question 2 (20 marks) A struggling company has enlisted you to find and correct an error. Required: 1. Prepare a single journal entry, with explanation, for each of the following transactions to correct the error made: A. Debited office furniture and credited accounts payable regarding a $3,400 purchase of computer equipment on account. The intention was to record it in Computer Equipment. B. Accrued a $4,400 bonus by debiting salary expense and crediting accounts payable. c. Adjusted prepaid advertising by debiting prepaid advertising and crediting advertising expense for $1,900. This adjusting journal entry should have debited advertising expense and credited prepaid advertising for $1,900. D. Debited accounts receivable and credited revenue $1,600 for work not yet performed. E. ebited amortization expense and credited computer equipment $600 when recording the amortization expense. 2. Prepare two journal entries, with explanation, for each of the above transactions to correct the error made. English Canada W BI
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