An invoice for repairs to machinery, $500, has been entered in the Machinery at Cost account. Which
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An invoice for repairs to machinery, $500, has been entered in the Machinery at Cost account. Which entries are required to correct the error?
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Debit A Machinery at Cost account $500 B Repairs to Machinery account C $500 Repairs to Machinery account $500 D Suspense account $500 Credit Repairs to Machinery account Machinery at Cost account $500 $500 Suspense account $500 Machinery at Cost account $500
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To correct the error of entering an invoice for repairs to machinery 500 in the wrong accou...View the full answer
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