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A journal entry for a $ 280 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $600 and a
A journal entry for a $ 280 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $600 and a credit to Cash for $280. Which of the following statements correctly states the effect of the error on the trial balance?
A. The sum of the credits will exceed the sum of the debits by $320.
B. The sum of the debits will exceed the sum of the credits by $280.
C. The sum of the debits will exceed the sum of the credits by $320.
D. The sum of the debits will exceed the sum of the credits by $600.
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