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The purchase of stock on account was recorded and posted as a debit to stock for $500 and a credit to Accounts Receivable for $500.

The purchase of stock on account was recorded and posted as a debit to stock for $500 and a credit to Accounts Receivable for $500. The correcting entry would include a:

Select one:

a.credit to Accounts Payable for $500

b.credit to Accounts Receivable for $1,000

c.credit to Accounts Receivable for $500

d.credit to Accounts Payable for $1,000

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