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A trial balance will not balance if a. a correcting journal entry is posted twice. b. a $50 cash dividend is debited to dividends for
A trial balance will not balance if
a. a correcting journal entry is posted twice.
b. a $50 cash dividend is debited to dividends for $500 and credited to cash for $50.
c. a $300 payment on accounts payable is debited to accounts payable for $30 and
credited to cash for $30.
d. a transaction is not posted at all.
It is b correct however why?
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