Question: The Accounts Payable and Cash columns in the cash payments journal

The Accounts Payable and Cash columns in the cash payments journal were unknowingly overstated by $100 at the end of the month.
(a) Assuming no other errors in recording or posting, will the error cause the trial balance totals to be unequal?
(b) Will the creditors ledger agree with the accounts payable control account?




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  • CreatedJuly 17, 2012
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