Assume that when a purchase of supplies of $2,650 for cash was recorded, both the debit and
Question:
(a) Would this error cause the trial balance to be out of balance?
(b) Would the trial balance be out of balance if the $2,650 entry had been journalized correctly but the credit to Cash had been posted as $2,560?
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a No this error would not cause the trial balance to be out of balance since ...View the full answer
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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