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A journal entry for a $70 payment for rent expense was posted as a debit to Salaries expense and a credit to Cash. This error
A journal entry for a $70 payment for rent expense was posted as a debit to Salaries expense and a credit to Cash. This error will cause which of the following conditions on the trial balance?
Question 3 Answer
A.
The sum of the debits will exceed the sum of the credits by $140.
B.
The sum of the credits will exceed the sum of the debits by $140.
C.
The sum of the credits will equal the sum of the debits.
D.
The sum of the debits will exceed
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