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rburgessfl rburgessfl
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5 years ago
A journal entry for a $270 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $520 and a credit to Cash for $270. Which of the following statements correctly states the effect of the error on the trial balance?
A) The sum of the credits will exceed the sum of the debits by $250.
B) The sum of the debits will exceed the sum of the credits by $270.
C) The sum of the debits will exceed the sum of the credits by $250.
D) The sum of the debits will exceed the sum of the credits by $520.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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hpascoehpascoe
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rburgessfl Author
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#2
5 years ago
Thank you for being such a great website leader! Your answer's right.
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