Question: For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would
a. A payment of $468 on account was debited to Accounts Payable for $486 and credited to Cash for $486.
b. A purchase of supplies of $1,130 was debited to Supplies for $1,130 and debited to Accounts Payable for $1,130.
c. The payment of an insurance premium of $2,450 for a two-year policy was debited to Prepaid Insurance for $2,450 and credited to Cash for $2,540.
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a The totals are equal since both the debit and ... View full answer
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