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Whitman Company paid $630 cash on account to a creditor. The journal entry for this transaction was incorrectly recorded as a debit to Cash of
Whitman Company paid $630 cash on account to a creditor. The journal entry for this transaction was incorrectly recorded as a debit to Cash of $360 and a credit to Accounts Receivable of $360. The correcting entry is a. debit to Accounts Receivable, $630, and credit to Accounts Payable, $630. b. debit to Accounts Payable, $630, debit to Accounts Receivable, $360, and credit to Cash, $990. c. debit to Accounts Payable, $630, and credit to Cash, $630 d. debit to Accounts Recelvable, $360, and credit to Cash, $360
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