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Question(s) / Instruction(s):

A check drawn by a depositor for $195 in payment of a liability was recorded as $915. What adjustment is required in the depositor’s accounts?
a. Decrease Accounts Payable; decrease Cash
b. Increase Cash; decrease Accounts Receivable
c. Increase Cash; increase Accounts Payable
d. Increase Accounts Receivable; decrease Cash

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