Question: Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. ( Ignore income tax considerations. ) ( Credit account

Prepare the correcting entry necessary when these errors are discovered. Assume that the books are closed. (Ignore income tax
considerations.)(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 0 for the amounts. List all debit entries before credit entries.)
Account Titles and Explanation
Debit
Retained Earnings
Inventory
Accumulated Depreciation-Equipment
Credit
Prepare the correcting entry necessary when these errors are discovered. Assume

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