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15. If a P4 700 cash purchase of supplies is recorded as a P5 700 debit to supplies expense and a P5 700 credit to
15. If a P4 700 cash purchase of supplies is recorded as a P5 700 debit to supplies expense and a P5 700 credit to cash, the result will be that: A. Supplies expense will be overstated and cash will be understated B. The cash account will be overstated C. The supplies account will be understated D. The trial balance will be out of balance
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