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Make a correcting entry on December

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Question - Walker Company has employed a bookkeeper who is inexperienced. On December 29, after reviewing the records for the year, you discover the following error.

On August 1, Walker Company received $500 on account (from a customer for services previously performed and billed on July 15). The bookkeeper recorded this by debiting Cash and crediting Service Revenue.

Required - Make a correcting entry on December 29. Make sure to enter the day for each separate transaction.

Reference no: EM132612554

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