Question: When a correcting entry includes a debit to Shop Equipment for $ 8 0 0 and a credit to Office Equipment for $ 8 0
When a correcting entry includes a debit to Shop Equipment for $ and a credit to Office Equipment for $ what is the impact of this entry?
Multiple Choice
This entry decreases the balance of Shop Equipment by $ and increases the balance of Office Equipment by $
This entry decreases the balance of Shop Equipment by $ and decreases the balance of Office Equipment by $
This entry increases the balance of Shop Equipment by $ and decreases the balance of Office Equipment by $
This entry increases the balance of Shop Equipment by $ and increases the balance of Office Equipment by $
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