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While performing the monthly bank reconciliation, the bookkeeper for Grace Corporation noted that a deposit of $100 (received from a customer on account) was recorded

While performing the monthly bank reconciliation, the bookkeeper for Grace Corporation noted that a deposit of $100 (received from a customer on account) was recorded in the company books as $1,000. Which of the following shows the effect of the correcting entry on the financial statements? image text in transcribed

Question 4 options:

1) Choice A
2) Choice B
3) Choice C
4) Choice D

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