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A trial balance has total debits of $197,900 and total credits of $199,700. Which account may contain a transposition error? a. A Cash account with a balance of $900 b. An Accounts Receivable with a balance of $1,800 c. A Cost of Goods Sold acct. with a balance of $4,200. d. An Accounts Payable with a balance of $5,300
If trial balance total debits are $72,000 and total credits are $74,700, then the error cannot bea. A slideb. A doubling errorc. A transposition for which you can find the error by investigating each account where the difference between the first two digits of its balance is 3.d. Actually, you can find the error using a, b or c.
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Assume Simple Co. had credit sales of $282,000 and cost of goods sold of $138,000 for the period. Simple uses the percentage of credit sales method and estimates that 0.25 percent of credit sales would result in uncollectible accounts. Before the ..
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