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    Financial Accounting IFRS
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    Exam 4: Completing the Accounting Cycle
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    A Lawyer Collected $630 of Legal Fees in Advance
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A Lawyer Collected $630 of Legal Fees in Advance

Question 176

Question 176

Short Answer

A lawyer collected $630 of legal fees in advance. He erroneously debited Cash for $360 and credited Accounts Receivable for $360. The correcting entry is A lawyer collected $630 of legal fees in advance. He erroneously debited Cash for $360 and credited Accounts Receivable for $360. The correcting entry is

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