Assume that Timberline Consulting erroneously recorded the payment of $9,000 of dividends as a debit to Salary
Question:
(a) How would this error affect the equality of the trial balance?
(b) How would this error affect the income statement, retained earnings statement, and balance sheet?
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a The equality of the trial balance would not be affected b On the income statement total operati...View the full answer
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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