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full answers please 1-correct entry and 2-correcting entry On Sep 18, Elen purchased on account equipment costing $550. The transaction was journalized and posted as

full answers please
1-correct entry
and
2-correcting entry image text in transcribed
On Sep 18, Elen purchased on account equipment costing $550. The transaction was journalized and posted as a debit to Equipment $55 and a credit to Accounts Payable $55. The error was discovered on October 3, Write the Coreect and correcting entries

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