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On December 31, 2015 MMM Co. failed to accrue $9,000 of interest revenue. a) The entry in 2016 to correct this error, assuming MMM has
On December 31, 2015 MMM Co. failed to accrue $9,000 of interest revenue.
a) The entry in 2016 to correct this error, assuming MMM has not closed the books in 2016 will be:
b) Assume MMM closed the books in 2016. The entry to correct the error is:
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