Question: Consider each of the following errors and indicate whether the error would cause the trial balance totals to be unequal. If the error would cause
a. The payment of cash for the purchase of office equipment of $6,000 was debited to Land for $6,000 and credited to Cash for $6,000.
b. The payment of $8,750 on account was debited to Accounts Payable for $875 and credited to Cash for $8,750.
c. The receipt of cash on account of $6,150 was recorded as a debit to Cash for $6,510 and a credit to Accounts Receivable for $6,150.
Step by Step Solution
3.42 Rating (161 Votes )
There are 3 Steps involved in it
a The totals are equal since both the debit and ... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (1 attachment)
529-B-A-L (5628).docx
120 KBs Word File
