compare the incorrect entry with correct entry DO IT! 3 |...
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Accounting
compare the incorrect entry with correct entry
DO IT! 3 | Correcting Entries Sanchez Company discovered the following errors made in January 2020 (amounts in thousands). 1. A payment of Salaries and Wages Expense of $600 was debited to Supplies and credited to Cash, both for $600. 2. A collection of $3,000 from a client on account was debited to Cash $200 and credited to Service Revenue $200. 3. The purchase of supplies on account for $860 was debited to Supplies $680 and credited to Accounts Payable $680. Correct the errors without reversing the incorrect entry
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