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The accountant at Warren Company discovered the following errors after trial balance at year-end. For each transaction, state whether the error would cause the trial
The accountant at Warren Company discovered the following errors after trial balance at year-end. For each transaction, state whether the error would cause the trial balance to be out of balance by inserting a yes or no in the blank
1. the payment of $3500 for June Rent was not recorded
2. a sash sale for $650 was recorded and debit to cash and a credit to accounts payable
3. a $1200 payment for rent was posted as a debit to salaries expenses
4. the receipt of $520 on account was recorded as a debit to cash and a debit to accounts receivable
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