Green Company has employed a bookkeeper who is inexperienced. On
December 30, after reviewing the records for the year, you discover
the following error.On May 1, Green Company purchased Supplies on account, $280. The
bookkeeper recorded this by debiting Supplies Expense for $820 and
crediting Cash for $820.Note: Assume that it is the company's policy to
record the purchase of supplies in the Supplies account.Required:Prepare a correcting entry on December 30. Make sure to enter the
day for each separate...