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A payment of €350 to creditors was journalized as €300. To correct this error, the accountant should: a. None of the giv

Posted: Wed Jul 06, 2022 6:24 am
by answerhappygod
A payment of €350 to creditors was journalized as €300. Tocorrect this error, the accountant should:
a. None of the given answers is correct.
b. Debit Cash, €50; credit Supplies, €50.
c. Debit Cash, €50; credit Creditors, €50.
d. Debit Cash, €30; credit Cash, €30.
e. Debit Creditors, €50; credit Cash, €50