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While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The
While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:
Multiple Choice
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The Equipment account balance will be overstated.
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The error will overstate the credits listed in the journal.
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The total debits in the trial balance will be larger than the total credits.
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The error will overstate the debits listed in the journal.
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The trial balance will not balance.
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