A-LevelAccountingReconciliation and verification9706/12 · May/June 2013 · Q101 Mark
An error of reversal is made when recording the payment of a telephone bill for $500. Which journal entries are required to record the correction of this error?
Abank 500, telephone 500
Bbank 1000, telephone 1000
Ctelephone 500, bank 500
Dtelephone 1000, bank 1000
✓ Correct answer
D: telephone 1000, bank 1000
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