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    Financial Accounting IFRS
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    Exam 4: Completing the Accounting Cycle
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    Stine Company Paid €830 on Account to a Creditor
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Stine Company Paid €830 on Account to a Creditor

Question 67

Question 67

Short Answer

Stine Company paid €830 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of €380 and a credit to Accounts Receivable, €380. The correcting entry is Stine Company paid €830 on account to a creditor. The transaction was erroneously recorded as a debit to Cash of €380 and a credit to Accounts Receivable, €380. The correcting entry is

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