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10: Financial Accounting | (S18) A bookkeeper incorrectly posted the purchase of supplies on account as a debit to supplies and a credit to cash.
10: Financial Accounting | (S18) A bookkeeper incorrectly posted the purchase of supplies on account as a debit to supplies and a credit to cash. What is the impact of this error on the trial balance, the cash account, and the accounts payable account? (Hint: draw the relevant T-accounts!) Select one: a. The debit side of the trial balance would be higher than the credit side, cash would be correctly stated, and accounts payable would be correctly stated. O b. The trial balance would be in balance, accounts payable would be overstated, and cash would be understated. C. The trial balance would be in balance, accounts payable would be understated, and cash would be understated. O d. The credit side of the trial balance would be higher than the debit side, cash would be understated, and accounts payable would be overstated. ere to search O RI hp
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