Two students are discussing the use of a trial balance. They wonder whether the following errors, each
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Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing. What would you tell them?
(a) The bookkeeper debited Cash for $600 and cred- ited Wages Expense for $600 for payment of wages.
(b) Cash collected on account was debited to Cash for $900, and Service Revenue was credited for $90.
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Financial Accounting Tools For Business Decision Making
ISBN: 9780471691952
3rd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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