Essay
An inexperienced accountant for Olsen Corporation made the following entries. 
Instructions
(a) On the basis of the explanation for each entry, prepare the entry that should have been made for the transactions. (Omit explanations.)
(b) Prepare the correcting entries that should be made to correct the accounts of Olsen Corporation. (Do not reverse the original entry.)
Correct Answer:
Verified
Correct Answer:
Verified
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