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The following is an example of an error that will not be discovered on the trial balance.
(2 points)

a.
An entry was posted as a debit to cash for $500 and credited to accounts receivable for $5,000

b.
An entry was journalized and posted as a debit to cash for $500 and a credit to sales revenue $500 when we collected a customer's account

c.
An entry was journalized and posted as a debit to wages expense for $20,000 and a debit to wages payable for $20,000

d.
All of these would be errors discovered on the trial balance

e.
None of these would be errors discovered on the trial balance



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which one is the correct answer ?

2006-12-10 15:49:15 · 1 answers · asked by Anonymous in Business & Finance Other - Business & Finance

1 answers

d.

"a" is wrong because you have $500 in debit and $5,000 in credit.
"b" is wrong because you don't credit revenue when you collect cash, you credit accounts receivable.
"c" is wrong because you don't do a double debit. You credit one account and debit one account.

2006-12-14 01:39:53 · answer #1 · answered by csanda 6 · 0 1

b

2006-12-10 16:00:57 · answer #2 · answered by binda 3 · 0 1

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