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    Financial Accounting Study Set 27
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    Exam 4: Completing the Accounting Cycle
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    A Lawyer Collected $710 of Legal Fees in Advance
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A Lawyer Collected $710 of Legal Fees in Advance

Question 13

Question 13

Short Answer

A lawyer collected $710 of legal fees in advance. He erroneously debited Cash for $170 and credited Accounts Receivable for $170. The correcting entry is A lawyer collected $710 of legal fees in advance. He erroneously debited Cash for $170 and credited Accounts Receivable for $170. The correcting entry is

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