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Homework answers / question archive / Assume that when a purchase of supplies of $3,100 for cash was recorded, both the debit and the credit were journalized and posted as $1,300
Assume that when a purchase of supplies of $3,100 for cash was recorded, both the debit and the credit were journalized and posted as $1,300.
(a) Would this error cause the trial balance to be out of balance?
(b) Would the trial balance be out of balance if the $3,100 entry had been journalized correctly but the credit to Cash had been posted as $1,300?
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