Earlier this month, you bought printer ink which was recorded as property, plant and equipment instead of an expense in error. Assume no depreciation…
Earlier this month, you bought printer ink which was recorded as property, plant and equipment instead of an expense in error. Assume no depreciation was taken. Which journal entry will correct this error?
Select one:
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Order Paper Nowa. Debit cash and credit expense
b. Debit expense, credit property, plant and equipment
c. Debit property, plant and equipment and credit expense
d. Debit accounts payable and credit expense
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