Chapter 5, Problem 5.11E

To determine

Correcting Entries: Correcting entries are those entries which are recorded in order to rectify the effect of an erroneous entry.

Accounting rules for journal entries:

1. a) To Increase balance of the account: Debit assets, expenses, losses and credit all liabilities, capital, revenue and gains.
2. b) To Decrease balance of the account: Credit assets, expenses, losses and debit all liabilities, capital, revenue and gains

To Prepare: The correcting entries in the books of H Company.