Answer and Explanation:
The correcting journal entries are shown below:
a. Cash Dr $774
To account payable $774
(Being purchase of supplies on account is recorded)
b. Wages expense Dr $475
To rent expense $475
(Being wages expense is recorded)
c. Account payable $396
To Supplies $196
To cash $200
(being cash paid is recorded)
These 3 correcting entries should be recorded
A) get money from other sources
The answer to this question is <span>high magnitude of consequences
Delivering faulty products to the consumers could heavily damaged company's reputation in a short period of time.
This kind of damage could make the market to lose trust in the company which will became a huge hindrance if the company want to sell any other products in the future.</span>
Answer: Information and Intelligence Management
Explanation: