The following errors took place in journalizing and posting transactions:
Journalize the entries to correct the errors. Omit the explanations.
Definitions:
Average Time
The mean period taken for a task or process to occur; calculated by summing the total time taken and dividing it by the number of occurrences or instances.
Customers
Individuals or entities that purchase goods or services from a business.
System
A set of interacting or interdependent components forming an integrated whole to serve a common purpose.
Average Number
The sum of values divided by the count of values, used to find the central or typical value in a set of numbers.
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