Solution-Would the trial balance be out of balance

Would the trial balance be out of balance

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Reference no: EM132679397

Problem - Assume that when a purchase of supplies of $3,100 for cash was recorded, both the debit and the credit were journalized and posted as $1,300.

(a) Would this error cause the trial balance to be out of balance?

(b) Would the trial balance be out of balance if the $3,100 entry had been journalized correctly but the credit to Cash had been posted as $1,300?

Reference no: EM132679397

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Would the trial balance be out of balance

Reference no: EM132679397

Reference no: EM132679397

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