Question: PART C: INQUIRY (4 MARKS) 1. Below are selected entries for Econi Co. All entries below have already been posted (all incorrect). 1. The $60

PART C: INQUIRY (4 MARKS) 1. Below are selected entries for Econi Co. All entries below have already been posted (all incorrect). 1. The $60 cost of repairing a printer was charged to Computer Equipment 2. The $5,000 cost of a major engine overhaul was debited to Repair Expense. The overhaul (engine rebuilt) is expected to increase the operating efficiency of the truck. 3. The $6,000 closing costs associated with the acquisition of land were debited to Legal Expense. 4. A $600 charge for transportation costs on new equipment purchased was debited to Delivery Expense. Record the correcting entries below [4 Marks)

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