Assume that when a purchase of supplies of $3,100 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 $3,100 entry had been journalized correctly but the credit to Cash had been posted as $1,300?
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a No Because the same error occurred on both the debit s...View the full answer
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Related Book For 
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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