Question: To correct this error in 2 0 XO , you need to record just the adjusting entry that was not made because . . .

To correct this error in 20XO, you need to record just the adjusting entry that was not made because ...
a. an expense account is involved
b. no error was made recording the note payable on July 1,20X0
c. an accrual is involved rather than a deferral
d. the books have not been closed

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