when grimwood printers prepared a trial balance on october 30, it did not balance. as a result of checking through the record of transactions, an error was discovered; namely, $250 received from a customer was recorded as a debit to cash of $5 and a credit to accounts receivable for $250. the total of the credit side of the trial balance was $52 225. was accounts receivable too high, too low, or correct? was cash too high, too low, or correct? was the trial balance credit total of $52 225 too high, too low, or correct? what was the amount of the debit total on the unbalanced trial balance? was this debit too high, too low, or correct?

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To address the issue with the trial balance at Grimwood Printers due to the error in recording the 2... View the full answer