Two students are discussing the use of a trial balance. They wonder whether the following errors, each
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Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing.
(a) The bookkeeper debited Cash for \(\$ 600\) and credited Wages Expense for \(\$ 600\) for payment of wages.
(b) Cash collected on account was debited to Cash for \(\$ 900\) and Fees Earned was credited for \(\$ 90\). What would you tell them?
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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