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An $800 Cheque Written for Supplies Was Journalized as $80

Question 66

Multiple Choice

An $800 cheque written for supplies was journalized as $80. The entry to correct this error is


A) debit Supplies, $720; credit Cash, $720.
B) debit Cash, $720; credit Supplies, $720.
C) debit Supplies, $80; credit Cash, $80.
D) debit Cash, $80; credit Cash, $80.

Correct Answer:

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