Question
A trial balance will not balance if a $450 payment on account is debited to Accounts Payable for $45 and credited to Cash for $45.
A trial balance will not balance if
a $450 payment on account is debited to Accounts Payable for $45 and credited to Cash for $45.
a $100 cash dividend is debited to Dividends for $1,000 and credited to Cash for $100.
the purchase of supplies on account is debited to Supplies and credited to Cash.
a correct journal entry is posted twice.
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Introduction To Management Accounting
Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Dave Burgstahler, Jeff O. Schatzberg
16th Global Edition
0273790013, 978-0273790013
