Solution-Two students are discussing the use of a trial

Two students are discussing the use of a trial balance

Reference no: EM131138501

Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing. What would you tell them?

(a) The bookkeeper debited Cash for $600 and credited
Wages Expense for $600 for payment of wages.

(b) Cash collected on account was debited to Cash for $800, and Service Revenue was credited for $80.

Reference no: EM131138501

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Two students are discussing the use of a trial balance

Reference no: EM131138501

Reference no: EM131138501

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