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Use the following to answer questions
Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element.
Use the following to answer questions Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element. -During the process of preparing the bank reconciliation,an employee for Heath Company discovered that Check #4261 for $65,used to pay an account payable,was recorded in the company books as $56.
-During the process of preparing the bank reconciliation,an employee for Heath Company discovered that Check #4261 for $65,used to pay an account payable,was recorded in the company books as $56.
Use the following to answer questions Indicate how each event affects the elements of financial statements.Use the following letters to record your answer in the box shown below each element.You do not need to enter amounts.Enter only one letter for each element. -During the process of preparing the bank reconciliation,an employee for Heath Company discovered that Check #4261 for $65,used to pay an account payable,was recorded in the company books as $56.

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