Question: In 19B Company E discovers that it failed to record utility expense of $8,000 for 19A. An entry was made in 19B at the time

In 19B Company E discovers that it failed to record utility expense of $8,000 for 19A. An entry was made in 19B at the time of payment.

(a) If this error is discovered before the 19B closings, what correction entry, if any, is required?

(b) If this error is discovered after the 19B closings, what correction entry is needed?

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