Business, 30.03.2020 15:59, Jenifermorales101
A journal entry for a $ 290 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $ 520 and a credit to Cash for $ 290. 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 $230.B) The sum of the debits will exceed the sum of the credits by $520.C) The sum of the debits will exceed the sum of the credits by $230.D) The sum of the debits will exceed the sum of the credits by $520.
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A journal entry for a $ 290 payment to purchase office supplies was erroneously recorded as a debit...
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