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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
A company purchased a truck for $800 on credit. The journal entry to record this transaction, however, was a debit to 'Truck' for $500 and a credit to 'Account Payable' for $500.  What will the effect be on the trial balance?
A) Debits will be $300 less than credits.
B) Debits will be $300 more than credits.
C) The trial balance will still balance.
D) None of the above
Textbook 
Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
Thank you, thank you, thank you!
patyfeitosa
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Yesterday
Just got PERFECT on my quiz
joyceess
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2 hours ago
this is exactly what I needed
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