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A bookkeeper accidentally recorded a $245 cheque received from a customer on account as $425. The journal entry to correct this error would be: debit
A bookkeeper accidentally recorded a $245 cheque received from a customer on account as $425. The journal entry to correct this error would be: debit Cash, $180; credit Accounts Receivable, $180. debit Accounts Receivable, $180; credit Cash, $180. debit Cash, $425; credit Accounts Receivable, $425. debit Accounts Payable, $180; credit Cash, $180
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786634, 1119786630
