In preparing the trial balance of the K&L's Bridal Service,the Withdrawal account (which had a normal balance in the general ledger)was listed as a credit for $400.What will be the difference between the debit and credit sides of the trial balance?
A)$150
B)$200
C)$300
D)$800

Question

Quizplus · Accepted Answer

The Withdrawal account should have a debit balance. Listing it as a credit instead of a debit creates a $400 error. This error doubles the impact on the trial balance, resulting in an $800 difference.

In Preparing the Trial Balance of the K&L's Bridal Service,the