Question: #20,17 Please correct wrong answers 20. A purchase discount was recorded as a credit to the Purchases account and a debit to Accounts Payable. This

#20,17

Please correct wrong answers

20. A purchase discount was recorded as a credit to the Purchases account and a debit to Accounts Payable. This error will cause: net income to be overstated net income to be understated net income to not be affected total assets to be overstated C

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