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The bookkeeper of Fire Steel,Inc.recorded a $1,596 check as $15,960 in payment of the current month's rent.Which of the following journal entries is needed to adjust for this error in the books of the company?
Monthly Sales
The total revenue generated from sales operations within a specific month.
Sales Commissions
A portion of the sale price paid to salespersons as a reward for their sales efforts, typically a percentage of the sales they generate.
Monthly Sales
The total revenue generated from the sale of goods or services by a company within a month.
Net Operating Income
The profit a company generates from its normal business operations, excluding extraordinary items and expenses like taxes and interest.
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