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help on a correcting entry? Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you
help on a correcting entry?
Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you discover the following error. On June 1, Adams Company paid a supplier $300 on account. The bookkeeper recorded this by debiting Cash for $300 and crediting Accounts Payable for $300. Required: Prepare a correcting entry on December 28. Make sure to enter the day for each separate transaction Date Debit Credit Dec. 28 Accounts Payable 300 300x Cash June Cash 300 Accounts Payable 300 Clear Undo Help
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