Assuming that all entries have been posted, prepare correcting entries for each of the following…

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Assuming that all entries have been posted, prepare correcting entries for each of the following errors. 1. The following entry was made to record the purchase of $500 in supplies on account: Supplies 142 500 Cash 101 500 2. The following entry was made to record the payment of $300 in wages: Rent Expense 521 300 Cash 101 300 3. The following entry was made to record a $200 payment to a supplier on account: Supplies 142 100 Cash 101 100

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