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Please explain what happened In year 1, Fox Corp. failed to record an entry to record a sale on account. In year 2, Fox recorded

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Please explain what happened

In year 1, Fox Corp. failed to record an entry to record a sale on account. In year 2, Fox recorded the entry as a debit to accounts receivable and a credit to sales revenue. The entry in year 2 to correct this entry would include which of the following? (Select all that apply.) Read about this Your answer is partially correct Credit sales revenue. Debit retained earnings. Credit retained earnings. Also correct Debit sales revenue. Challenge OK

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