Question: Alpha erroneously recorded $800 as an adjusting journal entry for interest on a note receivable instead of the correct adjusting journal entry for interest on
Alpha erroneously recorded $800 as an adjusting journal entry for interest on a note receivable instead of the correct adjusting journal entry for interest on a note payable. Which would be the increase and/or decrease to the debit and/or credit column of the trial balance that is needed to make the correction.
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