Question: While in the process of posting from the journal to the ledger, a company failed to post a $ 5 0 0 debit to the
While in the process of posting from the journal to the ledger, a company failed to post a $ debit to the Equipment
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Submit account. The effect of this error will be that:
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The total debits in the trial balance will be larger than the total credits.
The trial balance will not balance.
The error will overstate the debits listed in the journal.
The error will overstate the credits listed in the journal.
The Equipment account balance will be overstated.
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