A company purchased a truck for $1,100 on credit. The journal entry to record this transaction...

 

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A company purchased a truck for $1,100 on credit. The journal entry to record this transaction Payable for $700. What will the effect be on the trial balance? OA. Debits will be $400 more than credits. OB. Debits will be $400 less than credits. OC. The trial balance will still balance. OD. None of the above A company purchased a truck for $1,100 on credit. The journal entry to record this transaction Payable for $700. What will the effect be on the trial balance? OA. Debits will be $400 more than credits. OB. Debits will be $400 less than credits. OC. The trial balance will still balance. OD. None of the above

Answer rating: 100% (QA)

The option is the trial balance will still balance ie op... View the full answer