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The credit purchase of a new oven for $6,300 was posted to Kitchen Equipment as a $6,300 debit and to Accounts Payable as a $6,300
The credit purchase of a new oven for $6,300 was posted to Kitchen Equipment as a $6,300 debit and to Accounts Payable as a $6,300 debit. What effect would this error have on the trial balance?
The total of the Debit column of the trial balance will equal the total of the Credit column.The total of the Credit column of the trial balance will exceed the total of the Debit column by $6,300.The total of the Credit column of the trial balance will exceed the total of the Debit column by $12,600.The total of the Debit column of the trial balance will exceed the total of the Credit column by $12,600.The total of the Debit column of the trial balance will exceed the total of the Credit column by $6,300.Step by Step Solution
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