Question: Before preparing financial statements for the current year, the chief accountant for Jeckel Ltd discovered the following error in the accounts: The declaration and payment

Before preparing financial statements for the current year, the chief accountant for Jeckel Ltd discovered the following error in the accounts: The declaration and payment of a $14,400 cash dividend was recorded as a debie to interest expense $14,400 and a credit to cash $14,400, Required Prepare the correcting entry at 31 December (Enter debit entries first followed by credit entries. Please include Dr and Cr as appropriate. Narrations are not required)

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