Question

Indicate which of the following errors, each considered individually, would cause the trial balance totals to be unequal:

a. A fee of $21,000 earned and due from a client was not debited to Accounts Receivable or credited to a revenue account, because the cash had not been received.

Indicate which of the preceding errors would require a correcting entry

Solution

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Answered 1 year ago
Answered 1 year ago
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In this exercise, we are asked to determine whether the transactions will cause the trial balance totals to be unequal and identify which of the errors require a correcting entry.

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