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When Johnson & Sons purchased supplies worth $840 on credit on March 1, it incorrectly recorded a debit to Supplies and a credit to
When Johnson & Sons purchased supplies worth $840 on credit on March 1, it incorrectly recorded a debit to Supplies and a credit to Accounts Payable for $84. On March 31, the error was discovered. The journal entry to correct the error is Debit Supplies $756, credit Accounts Payable $756. O Debit Accounts Payable $840, credit Supplies $840. Debit Supplies $840, credit Accounts Payable $840. O Debit Accounts Payable $756, credit Supplies $756.
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