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Answer :
Final answer:
The correct journal entry to correct the original journal entry is to debit Interest Expense $125 and credit Suspense Account $125.
Explanation:
The correct journal entry to correct the original journal entry would be option d) debit Interest Expense $125 and credit Suspense Account $125.
When correcting a journal entry, you need to reverse the original entry and record it correctly. In this case, we are debiting Interest Expense and crediting Suspense Account, both for $125.
This entry will correct any errors in the original journal entry and ensure that the accounts reflect the correct amounts.
Learn more about correcting journal entries here:
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