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21 October, 20:05

Panther company's bookkeeper debited supplies expense for the COGS during that month. the bookkeeper discovered the error prior to closing the books. the correcting entry would include; select all that apply

a. credit to RE

b. debit to RE

c. debit to COGS

d. credit to supplies expense

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Answers (1)
  1. 21 October, 20:21
    0
    d. credit to supplies expense

    Explanation:

    A credit entry to an account that was debited in error is sufficient to reverse the error.
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