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Using the Transactions tab, identify transactions that appear to be coded incorrectly. Provide correct G/L in column F and a brief reason for the change in column G. Assume the debit/credit amounts are correct.

B D E H F G Correct G/L, if applicable Reason for change G/L Date DR IG/L 1/1/20 Travel Expense 1/1/20 Cash Description March 2020 Trip to NYC March 2020 Trip to NYC CR 5,000 5,000 500 1/2/20 Bank Fees Expense 1/2/20 Cash January Bank Charges January Bank Charges 500 27,000 1/3/20 Equipment Expense 1/3/20 Cash Computers (x20) Computers (20) 27,000 15 1/4/20 Meal Expense 1/4/20 Cash McDonalds McDonalds 15 6,000 1/5/20 N/P 1/5/20 Cash Jan payment (principle & interest) Jan payment (principle & interest) 6,000 99.000 1/6/20 Insurance Expense 1/6/20 Cash Payment on Policy covering 1/1/20-12/21/20 Payment on Policy covering 1/1/20-12/21/20 99,000 1,000 1/7/20 Interest Expense 1/7/20 Cash Jan 20 Interest Jan 20 Interest 1,000 2,500 1/8/20 Prepaid Expenses 1/8/20 Cash January Tax Prep January Tax Prep 2,500 1,200 1/9/20 Inventory 1/9/20 CGS- Scrap Adjust for Inventory that was damaged Adjust for Inventory that was damaged 1,200 43,000 1/10/20 Salary Expense 1/10/20 CGS - Direct Labor Reclass Direct Labor Salary Expense to CGS Reclass Direct Labor Salary Expense to CGS 43,000

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