Assume that when a purchase of supplies of $1,250 for cash was recorded, both the debit and
Question:
(a) Would this error cause the trial balance to be out of balance?
(b) Would the trial balance be out of balance if the $1,250 entry had been journalized correctly but the credit to Cash had been posted as $1,520?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
Question Posted: