Capp Company purchased supplies of ($ 120) on account. The accountant debited Supplies and credited Cash for

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Capp Company purchased supplies of \(\$ 120\) on account. The accountant debited Supplies and credited Cash for \(\$ 120\). A week later, after this entry has been posted to the ledger, the accountant discovers the error. How should he correct the error?

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Financial Accounting

ISBN: 9780133118209

2nd Edition

Authors: Charles T. Horngren, Jr. Harrison, Walter T.

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