As Mel Smith was doing his year-end accounting, he noticed that the bookkeeper had made errors...

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As Mel Smith was doing his year-end accounting, he noticed that the bookkeeper had made errors in recording several transacti

business accounting

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Answer 1

Answer #1

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Explanation:-

Following is the Correcting Journal entry is to be Made by Mel Smith is as Below:-

Sno.	Particular	Debit	Credit
1.	Account Payable A/c	$700
	To Account Receivable		$700

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Answer 2

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