Question: When a correcting entry includes a debit to Shop Equipment for $800 and a credit to Office Equipment for $800, what is the impact of

When a correcting entry includes a debit to Shop Equipment for $800 and a credit to Office Equipment for $800, what is the impact of this entry? Multiple Choice This entry decreases the balance of Shop Equipment by $800 and increases the balance of Office Equipment by $800. This entry decreases the balance of Shop Equipment by $800 and decreases the balance of Office Equipment by $800. This entry increases the balance of Shop Equipment by $800 and decreases the balance of Office Equipment by $800. This entry increases the balance of Shop Equipment by $800 and increases the balance of Office Equipment by $800

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When a correcting entry includes a debit to Shop Equipment for $800 and a credit to Office Equipment for $800, what is the impact of this entry?

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