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Try It 7. Suppose a company purchased $200 of supplies on account but in error credited Accounts Receivable for $200. Make the single journal entry

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Try It 7. Suppose a company purchased $200 of supplies on account but in error credited Accounts Receivable for $200. Make the single journal entry to correct this error, then correct the error using two journal entries. Provide an explanation for each journal entry Solutions appear at the end of this chapter and on MyAccountingLab

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