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Over/Under: Alpha erroneously recorded a purchase of equipment on credit and an AJE for depreciation on the equipment. There was no equipment purchased, and the

Over/Under: Alpha erroneously recorded a purchase of equipment on credit and an AJE for depreciation on the equipment. There was no equipment purchased, and the AJE should not have been recorded. Recording the journal entry and AJE has what effect on assets, liabilities, and net income?

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