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Moore Company has employed a bookkeeper who is inexperienced. On December 26, after reviewing the records for the year, you discover the following error. On

Moore Company has employed a bookkeeper who is inexperienced. On December 26, after reviewing the records for the year, you discover the following error.

On July 31, Moore Company paid a supplier $260 on account. The bookkeeper recorded this by debitingSupplies$620 and creditingAccounts Payablefor $620.

correcting entryon December 26. Make sure to enter the day for each separate transaction.

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