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The accountant for Bonita Industries should have recorded the following correct entry: Jan. Notes Receivable 214 Equipment 214 Instead, he misunderstood the transaction and recorded
The accountant for Bonita Industries should have recorded the following correct entry: Jan. Notes Receivable 214 Equipment 214 Instead, he misunderstood the transaction and recorded an incorrect entry. Which of the following wrong entries pertaining to this transaction could have been detected as erroneous when using a trial balance? Jan 15 Notes Receivable 214 Jan 15 Notes Payable 214 Cash 214
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