Homework answers / question archive / Assume that Timberline Consulting erroneously recorded the payment of $9,000 of dividends as a debit to Salary Expense

Assume that Timberline Consulting erroneously recorded the payment of $9,000 of dividends as a debit to Salary Expense

Accounting

Share With

Assume that Timberline Consulting erroneously recorded the payment of $9,000 of dividends as a debit to Salary Expense.
(a) How would this error affect the equality of the trial balance?
(b) How would this error affect the income statement, retained earnings statement, and balance sheet?