An inexperienced accountant made the following entries. In each case, the explanation to the entry is correct. 
Instructions
Prepare the correcting entries.
Definitions:
Cultural Relativism
The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.
Ethical Absolutism
The moral philosophy positing that universal moral standards exist, enabling the judgment of actions as inherently good or bad, irrespective of the circumstances surrounding the action.
Ethical Absolutism
The moral principle positing the existence of definitive criteria for evaluating moral queries implies that specific deeds are inherently good or bad, irrespective of the circumstances surrounding the action.
Ethical Relativism
The belief that morality varies between individuals and cultures and that there are no absolute moral truths.
Q27: Equipment with a cost of $480,000 has
Q31: The interest on a $9,000, 10%, 1-year
Q100: Redeker Company purchased equipment on January 1,
Q107: Burnham Company reported the following summarized annual
Q129: Which of the following is not a
Q157: A NSF check for $328 from a
Q204: Dorman Company had the following items to
Q210: For which of the following errors should
Q241: The control principle related to not having
Q248: IFRS<br>A) implies that receivables with different characteristics