Question: Fred was having a bad day. He was checking his work and discovered that instead of recording the payment of Telephone Expense in the amount
Fred was having a bad day. He was checking his work and discovered that instead of recording the payment of Telephone Expense in the amount of $645 to the right account, he had instead debited Salaries Expense by $465. Fred is unsure how to fix it. Prepare the two journal entries to make the correction on October 22.
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