Assume that JRQ Consulting erroneously recorded the payment of $10,000 of owner withdrawals as a debit to

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Assume that JRQ Consulting erroneously recorded the payment of $10,000 of owner withdrawals as a debit to Salary Expense.
(a) How would this error affect the equality of the trial balance?
(b) How would this error affect the income statement, statement of owner’s equity, and balance sheet?

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Accounting

ISBN: 978-0324662962

23rd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

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