Record the Following Transactions for Quik Corporation on the Dates

Essay

Record the following transactions for Quik Corporation on the dates indicated.
1. On March 31, 2018, Quik Corporation discovered that Depreciation Expense on equipment for the year ended December 31, 2017, had been recorded twice, for a total amount of $84,000 instead of the correct amount of $42,000.
2. On June 30, 2018, the company's internal auditors discovered that the April 2018 telephone bill for $2,400 had erroneously been charged to the Interest Expense account.
3. On August 14, 2018, cash dividends on preferred stock of $150,000 declared on July 1, 2018, were paid.