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A journal entry for a $500 payment for Prepaid Rent was erroneously recorded as a debit to Prepaid Rent for$700 and a credit to Cash
A journal entry for a $500 payment for Prepaid Rent was erroneously recorded as a debit to Prepaid Rent for$700 and a credit to Cash for $500. Which of the following statements correctly states the effect of the error on the trial balance
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