The cash and the accounts receivable columns in the cash receipts journal were mistakenly over added by

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The cash and the accounts receivable columns in the cash receipts journal were mistakenly over added by $4,000 at the end of the month.
(a) Will the customers’ ledger agree with the Accounts Receivable control account?
(b) Assuming no other errors, will the trial balance totals be equal?

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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