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Sanchez Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you discover the following error. On
Sanchez Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you discover the following error. On July 31, Sanchez Company paid a suppler $380 on account. The bookkeeper recorded this by debiting Supplies $830 and crediting Accounts Payable for $830, Required: Prepare a correcting entry on December 20. Make sure to enter the day for each separate transaction. Dete Account Title Debt Credit E
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