Question
Bessemer Company collected $9,000 cash that was due on an account receivable. Bessemer's accountant recorded the entry as a debit to cash and a credit
Bessemer Company collected $9,000 cash that was due on an account receivable. Bessemer's accountant recorded the entry as a debit to cash and a credit to service revenue. Based on this information alone,
-the total of the debit side of the trial balance will more than the total of the credit side.
-the total of the debit side of the trial balance will less than the total of the credit side.
-the total of the debit side of the trial balance and the total of the credit side of the trial balance will be equal.
-The answer cannot be determined from the information provided.
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Fundamental financial accounting concepts
Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward
8th edition
978-007802536, 9780077648831, 0078025362, 77648838, 978-0078025365
