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Prepare the necessary correcting entry for each of the following.
a. A collection on account of $350 from a customer was credited to Accounts Receivable $530 and debited to Cash $530.
b. The purchase of supplies on account for $310 was recorded as a debit to Equipment $310 and a credit to Accounts Payable $310.
Physiological Needs
Basic bodily requirements for human survival, such as air, food, water, shelter, and clothing, according to Maslow's hierarchy of needs.
Self-Esteem
A person's overall subjective sense of personal worth or value, encompassing beliefs about oneself as well as emotional states.
William James
A pioneering American psychologist and philosopher recognized for his significant contributions to psychology and the philosophy of pragmatism.
Expands
To increase in size, volume, quantity, or scope.
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