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How would this error affect the equality of trial balance

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Problem - Assume that Muscular Consulting erroneously recorded the payment of $7,500 of dividends as a debit to Salary Expense.

(a) How would this error affect the equality of the trial balance?

(b) How would this error affect the income statement, statement of stockholders' equity, and balance sheet?

Reference no: EM132678461

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