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Answer Requirement 1, 2, 3, and 4

All part of the questions are complete. Use the journal entries for May 1st, May 2nd, May 5th, and May 10th to answer requirement 1, 2, 3, and 4.

Rigger Advertising creates, plans, and handles advertising campaigns in three provinces. Recently. Rigger had to replace an inexperienced office worker in charge of bookkeeping because of some seriou. mistakes that had been uncovered in the accounting records. You have been hired to review these transactions to determine any corrections that might be necessary in all cases, the bookkeeper made an accurate description of the transaction but did not correctly record the transaction in the journal [Click the icon to view the journal entries.) Requirement 1. For each of the preceding entries, indicate the eflect of the error on cash, total assets, and net income. The answer for the first transaction has been provided as an example. (If the error has no effect, select "Correct" and leave the amount cell blank.) Requirement 2. What is the correct balance of cash it the balance of cash on the books bofore correcting the preceding transactions was $6,800 ? What is the correct cash balance? Requirements 1. For each of the preceding entries, indicate the effect of the error on cash, total assets, and net income. The answer for the first transaction has been provided as an example. 2. What is the correct balance of cash if the balance of cash on the books before correcting the preceding transactions was $6,800 ? 3. What is the correct amount of total assets if the total assets on the books before correcting the preceding transactions was $22,000 ? 4. What is the correct net income for May if the reported income before correcting the preceding transactions was $15,000 ? Journal entries Requirement 2. What is the correct balance of cash if the balance of cash on the books before correcting the preceding transactions was $6,800? What is the correct cash balance? Requirement 3. What is the correct amount of total assets if the total assets on the books before correcting the preceding transactions was $22,000? What is the correct amount of total assets? Requirement 4 . What is the correct net income for May if the reported income before correcting the preceding transactions was $15,000 ? What is the correct net income for May

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