Question: Moving to another question will save this response. estion 32 A 56.440 debit to interest expense was incorrectly posted as a $644 debit. What is

 Moving to another question will save this response. estion 32 A

Moving to another question will save this response. estion 32 A 56.440 debit to interest expense was incorrectly posted as a $644 debit. What is the effect of this error on the trial balance and the interest expense accounts? The debitum of the trial balance would be $6,440 understated and interest expense would be understated by $6,440 The debt column of the trial balance would be $5,796 understated and interest expense would be overstated by $5,796 The debt column of the trial balance would be $5,796 overstated and interest expense would be understated by $5,796 The debtcome of the trial balance would be $5,796 overstated and interest expense would be overstated by $5,796 The tom of the trial balance would be $5,796 understated and interest expense would be understated by $5,796 ce question will save this response

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!