Question: In late 2 0 X 1 , Smart Co . recorded $ 1 0 , 0 0 0 salary of lab technicians who spent 6

In late $20$ X $1,$ Smart Co $.$ recorded $ $10, 000$ salary of lab technicians who spent $60 %$ of their time in Smart's own R&D projects and $40 %$ of their time in R&D projects that Smart performed for other companies by debiting $ $10, 000$ to R&D Expense and crediting $ $10, 000$ Cash.

What entry should Smart make to correct the error that was discovered in $20$ X $2$ after closing all temporary accounts at the end of $20$ X $1 ?$

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