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Prepare the correcting entry at december

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Reference no: EM132565227

Question - Before preparing financial statements for the current year, the chief accountant for Jeckel Ltd discovered the following error in the accounts: The declaration and payment of a $16,500 cash dividend was recorded as a debit to interest expense $16,500 and a credit to cash $16,500.

Required - Prepare the correcting entry at 31 December.

Reference no: EM132565227

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