THE FOLLOWING ERRORS WERE DISCOVERED IN THE YEAR OF ERROR BEFORE THE BOOKS WERE CLOSED. REVIEW THE FACTS AND ANSWER THE QUESTIONS RELATED TO EACH FACT PATTERN. Error #1 In 20X2 Motown paid off an Accounts Payable balance and inadvertently credited Accounts Receivable. The entry was recorded incorrectly as follow: 21,000 Cash paid to satisfy Accounts Payable $ Error discovered in 20X2 before the books are closed. IGNORE INCOME TAXES Original entry was as follows in 20X2: $ 21,000 Accounts Payable Accounts Receivable 21,000 14.) The 20x2 required correcting journal entry has what NET impact on the asset section of the balance sheet. Do not consider liabilities or equity, just the asset section. A. Increase B. Decrease C. No impact