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The following case has an error in the journal entry. On January 1, Apple, Inc. received $200,000 worth of pre-orders for the not- yet-released

The following case has an error in the journal entry. On January 1, Apple, Inc. received $200,000 worth of pre-orders for the not- yet-released Vision Pro. On January 1, Apple debited cash of $200,000 and credited sales of $200,000. As of January 31st, Apple had not yet delivered any Vision Pros. What is the result of this journal entry error on the financial statements?

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