Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts Payable. What will

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Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts Payable. What will the trial balance show for this error?

a. Cash is overstated.

b. Liabilities are overstated.

c. Expenses are overstated.

d. The trial balance will not balance.

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Accounting

ISBN: 9780132439602

7th Edition

Authors: Charles T. Horngren, Walter T. Harrison

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Question Posted: Feb 02, 2024 05:00 AM

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Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts Payable. What will

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The correct answer is d The trial balance will not balance The reason is that when Pixel Copies coll...View the full answer

Accounting

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