Question: Current Attempt in Progress Sheridan Inc. mistakenly recorded a cheque as $679 that was written for $769 in payment of a payable owing to one

 Current Attempt in Progress Sheridan Inc. mistakenly recorded a cheque as

Current Attempt in Progress Sheridan Inc. mistakenly recorded a cheque as $679 that was written for $769 in payment of a payable owing to one of the company's suppliers. In addition, the company noticed the bank had mistakenly deducted a cheque for $410 from its bank account that was written by another company. (b) Identify any entries required on Sheridan's books to correct these errors. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter Ofor the amounts.) Account Titles and Explanation Accounts Payable Debit Credit Cash (To correct error by company) No Entry 0 No Entry

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