Trial Balance For each of the following errors, indicate with a Y for yes or an N
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Trial Balance For each of the following errors, indicate with a Y for yes or an N for no whether it would be detected by preparation of a trial balance.
a. Cash is debited instead of Accounts Receivable for a sale on account.
b. A sale on account for $500 is recorded with a debit to Accounts Receivable for $500 and a credit to Sales for $5,000.
c. A cash sale is recorded by debiting Cash and Sales for the same amount.
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Related Book For
Financial Accounting The Impact On Decision Makers
ISBN: 9780324655230
6th Edition
Authors: Gary A. Porter, Curtis L. Norton
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