For each of the following errors, indicate on the table below the amount by which the trial
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a. $100 debit to Cash was debited to the Cash account twice
b. $1,900 credit to Sales was posted as a $190 credit.
c. $5,000 debit to Office Equipment was debited to Office Supplies
d. $625 debit to Prepaid Insurance was posted as a $6250 debit
e. $520 credit to Accounts Payable was not posted.
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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