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Questor, Inc, repaired a piece of equipment at a cost of $2,000, which Questor, Inc., paid in cash. Questor equipment . Inc., erroneously capitalized this

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Questor, Inc, repaired a piece of equipment at a cost of $2,000, which Questor, Inc., paid in cash. Questor equipment . Inc., erroneously capitalized this cost as part of the cost of the Requirements 1. Journalize both the 2. How will this accounting error affect Questor, Inc.'s net income? Ignore depreciation. incorrect entry the accountant made to record this transaction and the correct entry that the accountant should have made. Requirement 1. Journalize both the incorrect entry the accountant made to record this transaction and the correct entry that the accountant should have made. (Record debis first, then credits. Exclude explanations from any journal entries.) Start by jourmalizing the incorrect entry that was made. Journal Entry Date Accounts Debit Credit

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