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Prepare the correcting entry at December

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Reference no: EM132563992

Question - Before preparing ?nancial statements for the current year, the chief accountant for Jeckel Ltd discovered the following error in the accounts: The declaration and payment of a $14,300 cash dividend was recorded as a debit to interest expense $14, 300 and a credit to cash $14,300.

Required - Prepare the correcting entry at 31 December.

Reference no: EM132563992

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