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Business, 19.05.2021 23:50 dragonstar9771

A debtor, who owed a company $565, deposited a check in the bank. The bank credited the company’s account by the same account. However, in the company’s checkbook balance, it was credited as $556. What will the adjusting journal entries be? The company will debit the cash account with $(9,556,547)and(Add, credit, debit)to the accounts receivable account the same amount to rectify the error.

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