Record the Following Transactions for Quik Corporation on the Dates

question 88

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.

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Definitions:

Medical Record

A comprehensive document containing a patient's health history, including treatments, diagnoses, and test results.

Range-Of-Motion Exercises

Exercises designed to increase the movement and flexibility of joints through their full potential span.

Oxygen Therapy

A medical treatment providing additional oxygen to individuals with breathing disorders or conditions reducing blood oxygen levels.

Urinary Catheter

A tube inserted into the bladder to provide a means for urine to be expelled from the body.