An inexperienced accountant made the following entries. In each case, the explanation to the entry is correct. 
Instructions
Prepare the correcting entries.
Definitions:
Strip
A strategy in bond investing or a derivative trading term where a bond's interest payments and principal repayments are separated and sold as individual zero-coupon securities.
Patent Hearing
A judicial proceeding to resolve disputes related to the validity or infringement of patents.
Bullish
An optimistic viewpoint on the market or a particular stock, expecting prices to rise.
Strap
A trading strategy involving the purchase of two call options and one put option with the same strike price and expiration date, expecting a large move in the underlying asset.
Q44: Control over cash disbursements is improved if
Q59: An aging of a company's accounts receivable
Q75: On April 30, the bank reconciliation of
Q181: A company purchased office equipment for $50,000
Q201: In the month of May, Grimm Company
Q222: For each of the following unrelated transactions,
Q228: In a period of falling prices, the
Q250: All of the following factors in computing
Q267: Listed below are two independent situations involving
Q321: If fully depreciated equipment that cost $10,000