Business, 17.04.2020 22:34 pickelswolf3962
While performing its monthly bank reconciliation, the bookkeeper for the Partin Company discovered that a check written for $421 for advertising expense was recorded in the firm's books as $241. Which of the following shows the effect of the correcting entry on the financial statements?Assets = Liab. + Equ. Rev. - Expenses = Net Inc. CashA. 241 = NA + 241 241 - NA = 241 241 OAB. (180) = NA + (180) NA - 180 = (180) (180) OAC. 180 = NA + 180 NA - (180) = 180 180 OAD. 180 = NA + 180 180 - NA = 180 NAOptions:
a. Choice Ab. Choice Bc. Choice Cd. Choice D
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While performing its monthly bank reconciliation, the bookkeeper for the Partin Company discovered t...
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