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Multiple Choice Question 115 On March 8, Sarasota Taffy Company bought supplies on account from the Sweet Honey Company for $760. Sarasota Taffy Company incorrectly
Multiple Choice Question 115 On March 8, Sarasota Taffy Company bought supplies on account from the Sweet Honey Company for $760. Sarasota Taffy Company incorrectly debited Equipment for $700 and credited Accounts Payable for $700. The entries have been posted to the ledger. The correcting entry should be: Supplies 760 Equipment 760 Supplies 760 Accounts Payable Equipment 700 60 Supplies 760 Equipment Accounts Payable 700 60 Supplies 760 Accounts Payable 760
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