If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as

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If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as a $4,000 credit, and the ledger account has a resulting debit balance of $20,000, what is the effect of this error on the Trial Balance column totals?

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Financial Accounting Information For Decisions

ISBN: 9780073043753

4th Edition

Authors: John J. Wild

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Question Posted: Jul 19, 2024 10:03 PM

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If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as

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Financial Accounting Information For Decisions

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