Two students are discussing the use of a trial balance. They wonder whether the following errors, each
Question:
Two students are discussing the use of a trial balance.
They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing. What would you tell them?
(a) The bookkeeper debited Cash for $600 and credited Salaries and Wages Expense for $600 for payment of wages.
(b) Cash collected on account was debited to Cash for $900 and Service Revenue was credited for $90.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Financial Accounting
ISBN: 9781119298229,9781119305842
10th Edition
Authors: Jerry J. Weygandt , Donald E. Kieso , Paul D. Kimmel
Question Posted: