Question: The 2 steps in the correcting entry process are: Question 7Answer a. Step 1: Reverse the incorrect entry Step 2: Provide a comprehensive explanation b.

The 2 steps in the correcting entry process are: Question 7Answer a. Step 1: Reverse the incorrect entry Step 2: Provide a comprehensive explanation b. Step 1: Analyze the transaction Step 2: Journalize the transaction c. Step 1: Run away Step 2: Hide d. Step 1: Reverse the incorrect entry Step 2: Record the entry properly

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