WHAT ADJUSTING ENTRY, IF ANY, WOULD YOU PROPOSE TO CORRECT THE CLOENTS ERRORS? EXPLAIN YOUR LOGIC.

B. What adjusting entry, if any, would you propose to correct the client's errors? Explain your logic. INFORMATION DRAWN FROM THE CASH DISBURSEMENTS JOURNAL, SUBSEQUENT BANK STATEMENTS, AND REVIEW OF VOUCHER PACKAGES: Check Number Date of Check Payee Amount 4029 01/10/2021 U Fix We Break $ 8,934.98 4030 01/10/2021 Cars Are Us 1,725.35 4031 01/10/2021 Blow and Associates 9,434.21 4032 4033 4034 4035 4036 4037 01/10/2021 Office Chops 01/10/2021 Commonwealth Energy 01/10/2021 Phone Company 01/10/2021 Willy Nilly, Inc. 01/10/2021 Arrogant Enterprises 01/10/2021 Never Ready Battery Company 4,453.12 46,310.69 9,497.62 7,261.16 171.90 14,178.24 Invoice Date Explanation of Transaction 12/26/2021 Service Contract Effective January 1 01/08/2022 Automobile Rental December 15 to December 20 12/30/2021 Legal Fees for November Services Relating to Employee Lawsuit Filed in October, Settled in January 01/09/2022 Office supplies purchased in January 01/05/2022 Power for December 15 to January 15 01/04/2022 December Telephone Bill 12/29/2021 Consulting Services Completed in 01/06/2022 Packaging Ordered January 5 12/15/2021 Batteries Shipped FOB Destination, Shipped December 15, and Received January 6 12/26/2021 Raw Materials Received at the Warehouse December 28 12/30/2021 Stationery Bought December 30 01/09/2022 Widget Manufacturing Equipment Bought in December 11/30/2021 Skids Grease Used in December 01/09/2022 Office Equipment Bought in January 01/09/2022 Postage Vouchers Used in December 4038 01/10/2021 Sophisticated Widgets 470,792.12 4039 4040 01/10/2021 BenRon, Inc. 01/10/2021 Dumb Chip 249.62 9,591.01 4041 4042 4043 01/10/2021 Who, Me? 01/10/2021 JupiterCom 01/10/2021 Charle Ponzi Associates 4,989.99 5,354.06 68.51 Invoice Date INFORMATION DRAWN FROM THE ACCOUNTS PAYABLE LEDGER (Accounts Payable are recorded on the A/P Voucher Date.): A/P Voucher Date DR Account Vendor/Supplier Amount 12/29/2021 Service Expense U Fix We Break $ 01/11/2022 Travel Expense Cars Are Us 01/02/2022 Legal Expense Blow and Associates 01/12/2022 Supplies Expense Office Chops 01/08/2022 Utility Expense Commonwealth Energy 01/07/2022 Utility Expense Phone Company 01/01/2022 Consulting Expense Willy Nilly, Inc. 01/09/2022 Inventory Arrogant Enterprises 12/21/2021 Inventory Never Ready Battery Company 01/02/2022 Inventory Sophisticated Widgets 01/02/2022 Office Expense BenRon, Inc. 01/12/2022 Fixed Assets Dumb Chip 12/03/2021 Factory Overhead Who, Me? 01/12/2022 Fixed Assets JupiterCom 01/12/2022 Postage Expense Charle Ponzi Associates 8,934.98 1,725.35 9,434.21 4,453.12 46,310.69 9,497.62 7,261.16 171.90 14,178.24 470,792.12 249.62 9,591.01 4,989.99 5,354.06 68.51 12/26/2021 01/08/2022 12/30/2021 01/09/2022 01/05/2022 01/04/2022 12/29/2021 01/06/2022 12/15/2021 12/26/2021 12/30/2021 01/09/2022 11/30/2021 01/09/2022 01/09/2022 B. What adjusting entry, if any, would you propose to correct the client's errors? Explain your logic. INFORMATION DRAWN FROM THE CASH DISBURSEMENTS JOURNAL, SUBSEQUENT BANK STATEMENTS, AND REVIEW OF VOUCHER PACKAGES: Check Number Date of Check Payee Amount 4029 01/10/2021 U Fix We Break $ 8,934.98 4030 01/10/2021 Cars Are Us 1,725.35 4031 01/10/2021 Blow and Associates 9,434.21 4032 4033 4034 4035 4036 4037 01/10/2021 Office Chops 01/10/2021 Commonwealth Energy 01/10/2021 Phone Company 01/10/2021 Willy Nilly, Inc. 01/10/2021 Arrogant Enterprises 01/10/2021 Never Ready Battery Company 4,453.12 46,310.69 9,497.62 7,261.16 171.90 14,178.24 Invoice Date Explanation of Transaction 12/26/2021 Service Contract Effective January 1 01/08/2022 Automobile Rental December 15 to December 20 12/30/2021 Legal Fees for November Services Relating to Employee Lawsuit Filed in October, Settled in January 01/09/2022 Office supplies purchased in January 01/05/2022 Power for December 15 to January 15 01/04/2022 December Telephone Bill 12/29/2021 Consulting Services Completed in 01/06/2022 Packaging Ordered January 5 12/15/2021 Batteries Shipped FOB Destination, Shipped December 15, and Received January 6 12/26/2021 Raw Materials Received at the Warehouse December 28 12/30/2021 Stationery Bought December 30 01/09/2022 Widget Manufacturing Equipment Bought in December 11/30/2021 Skids Grease Used in December 01/09/2022 Office Equipment Bought in January 01/09/2022 Postage Vouchers Used in December 4038 01/10/2021 Sophisticated Widgets 470,792.12 4039 4040 01/10/2021 BenRon, Inc. 01/10/2021 Dumb Chip 249.62 9,591.01 4041 4042 4043 01/10/2021 Who, Me? 01/10/2021 JupiterCom 01/10/2021 Charle Ponzi Associates 4,989.99 5,354.06 68.51 Invoice Date INFORMATION DRAWN FROM THE ACCOUNTS PAYABLE LEDGER (Accounts Payable are recorded on the A/P Voucher Date.): A/P Voucher Date DR Account Vendor/Supplier Amount 12/29/2021 Service Expense U Fix We Break $ 01/11/2022 Travel Expense Cars Are Us 01/02/2022 Legal Expense Blow and Associates 01/12/2022 Supplies Expense Office Chops 01/08/2022 Utility Expense Commonwealth Energy 01/07/2022 Utility Expense Phone Company 01/01/2022 Consulting Expense Willy Nilly, Inc. 01/09/2022 Inventory Arrogant Enterprises 12/21/2021 Inventory Never Ready Battery Company 01/02/2022 Inventory Sophisticated Widgets 01/02/2022 Office Expense BenRon, Inc. 01/12/2022 Fixed Assets Dumb Chip 12/03/2021 Factory Overhead Who, Me? 01/12/2022 Fixed Assets JupiterCom 01/12/2022 Postage Expense Charle Ponzi Associates 8,934.98 1,725.35 9,434.21 4,453.12 46,310.69 9,497.62 7,261.16 171.90 14,178.24 470,792.12 249.62 9,591.01 4,989.99 5,354.06 68.51 12/26/2021 01/08/2022 12/30/2021 01/09/2022 01/05/2022 01/04/2022 12/29/2021 01/06/2022 12/15/2021 12/26/2021 12/30/2021 01/09/2022 11/30/2021 01/09/2022 01/09/2022