The Blue Ox Restaurant recorded a cash collection on account by debiting Cash and crediting Accounts Payable.

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The Blue Ox Restaurant recorded a cash collection on account by debiting Cash and crediting Accounts Payable. What will the trial balance show for this error?

a. Too much for liabilities

b. Too much for assets C. The trial balance will not balance

d. Both a and b

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Financial Accounting

ISBN: 9780136060482

1st Edition

Authors: Jeffrey Waybright, Robert Kemp

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Question Posted: May 11, 2024 11:01 PM

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The Blue Ox Restaurant recorded a cash collection on account by debiting Cash and crediting Accounts Payable.

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Financial Accounting

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