A company purchased supplies on account; however, the journal entry to record the purchase was a debit to Supplies for $200 and a credit to Cash for $200. What will the effect be on the trial balance?

Question

Quizplus · Accepted Answer

The trial balance will still balance because both the debit and credit sides of the journal entry are equal, even though the entry was recorded in the wrong accounts.

A Company Purchased Supplies on Account; However, the Journal Entry