Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
H3Ko H3Ko
wrote...
Posts: 4891
7 years ago
A journal entry for a $50 payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. Which of the following statements correctly states the effect of the error on the trial balance?
A) The sum of the debits will exceed the sum of the credits by $50.
B) The sum of the credits will exceed the sum of the debits by $100.
C) The sum of the debits will exceed the sum of the credits by $100.
D) The sum of the credits will equal the sum of the debits.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
Read 165 times
2 Replies
Replies
Answer verified by a subject expert
.unplugged..unplugged.
wrote...
Top Poster
Posts: 1272
7 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

H3Ko Author
wrote...
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1081 People Browsing
Related Images
  
 14
  
 637
  
 326
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741

Previous poll results: How often do you eat-out per week?