Assume the total amount of the debit column of a trial balance is greater than the total
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A) A $500 sale on account was recorded as a $5,000 sale on account. Only the amount was recorded in error.
B) A $250 entry to accounts receivable was recorded as $520. The corresponding credit to sales was recorded correctly.C) A $300 debit that should have been recorded to accounts receivable was recorded in error as a debit to the cash account.
D) A $400 credit that should have been recorded to accounts receivable was recorded in error as a credit to accounts payable.
The following adjusted trial balance was drawn from the records of the Dakota Company.
Based on the information in the trial balance, the total amount of the debit column is
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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