How would you fix an entry in the journal for discovering that a check for $1.100 to the owner to pay one month's rent on his personal apartment was recorded as a debit to Rent expense and a credit to Cash?
a. Create a journal entry to reverse the original entry, debiting Cash and crediting Rent expense for $1,100.
b. Create a correcting entry to debit Rent expense and credit Cash for $1,100, ensuring the proper allocation of expenses and cash transactions.
c. Investigate if there was a misunderstanding or error in the original entry and communicate with the person responsible for the mistake to prevent future occurrences.
d. Review the company's accounting processes and implement additional checks and balances to prevent similar errors in the future.