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Dooley Company sent a deposit of $7,000 to the bank. The bank credited Dooley Company's checking account for a deposit of $700. In reconciling the

Dooley Company sent a deposit of

$7,000

to the bank. The bank credited Dooley Company's checking account for a deposit of

$700.

In reconciling the bank statement, the bookkeeper saw the deposit of

$700

instead of the bank recording it at

$7,000.

Which journal entry should Dooley Company prepare?

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