A trial balance will balance even if
A) a journal entry to record the purchase of equipment for cash of $45,000 is not posted.
B) a $10,000 cash dividend is debited to dividends for $10,000 and credited to cash for $1,000.
C) a $300 collection on accounts receivable is credited to accounts receivable for $300 without a corresponding debit.
D) a purchase of supplies for $575 on account is debited to supplies for $575 and credited to accounts payable for $557.
Correct Answer:
Verified
Q207: Posting
A)transfers journal entries to ledger accounts.
B)transfers ledger
Q208: A trial balance will not balance if
A)a
Q209: The primary purpose of the trial balance
Q210: On January 14, Decker industries purchased supplies
Q211: Virginian Enterprises received a bill from Livingstone
Q213: On July 7, 2022, Shireman Enterprises received
Q214: A trial balance would only help in
Q215: Posting is performed by transferring information from
Q216: Which of the following errors, each considered
Q217: Franklin Company purchased equipment for $45,000, paying
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