Chapter 20, Problem 20.23E

(a)

To determine

Error correction:

Error correction is an adjustment to previously issued financial statements. It is not considered as an accounting change.

To identify: The error made by Corporation WB in the transaction of office supplies expense on December 31, 2017.

(b)

To determine

To identify: The error made by Importers M in the transaction of prepayment of tenant for 2018 rent of a building on the last day of 2017.

(c)

To determine

To identify: The error made by Corporation DL in the transaction of accrue interest at the end of 2017.