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Third question you are required to write the correcting entry for the following errors 1 X company purchased supplies costing 7005 paid in cash. The
Third question you are required to write the correcting entry for the following errors 1 X company purchased supplies costing 7005 paid in cash. The transaction was recorded as debit to supplies 705 and credit to cash 705 2. X company received 4,000$ as payment of an account due. The transaction was recorded as debit to cash 4.000$ and credit to account payable 4,000$
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