Business, 01.10.2019 00:00 sasalove

The following journal entries were prepared by an employee of international marketing company who does not have an adequate knowledge of accounting. general journal page 3 date description post. ref. debit credit 2019 april 1 accounts payable 15,800 fees income 15,800 performed services on credit 2 cash 600 telephone expense 600 paid for march telephone service, check 1917 3 office equipment 8,200 office supplies 900 cash 9,500 purchased file cabinet and office supplies, check 1918 (assume that office equipment and office supplies were recorded at the correct values.) required: examine the above journal entries carefully and prepare the correcting journal entries. analyze: after the correct journal entries have been posted, what effect do the corrections have on the company’s reported assets?

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