Provide the correct journal entry on january

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Reference no: EM132935552

On 10 January 2021, a customer was charged R600 for the repair of her cell phone. Pat gave her a cash discount of R100 and the customer paid an amount of R500.

This transaction was erroneously recorded as follows and included in the above list of accounts:

DR Bank R500
DR Settlement discount granted R100
CR Other expenses R600

Problem 1: Provide the correct Journal entry

Reference no: EM132935552

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