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Topeka Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to cash $490
Topeka Bike Company received a $940 check from a customer for the balance due. The transaction was erroneously recorded as a debit to cash $490 and a credit to Service Revenue$490. The correcting entry is.... debit cash $940, credit accounts receivable, $940 debit accounts receivable $940, credit cash $450 and Service Revenue $490 debit cash $450 and accounts receivable, $490, credit service revenue $940 debit cash, $450 and Service Revenue $490, credit account receivables $940
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