Multiple Choice
A $200 payment on a notes payable posted as a debit to notes payable and a debit to cash. This error will cause:
A) the trial balance to be in balance.
B) the sum of the credits to exceed the sum of the debits by $400.
C) the sum of the debits to exceed the sum of the credits by $400.
D) the sum of the debits to exceed the sum of the credits by $200.
Correct Answer:
Verified
Correct Answer:
Verified
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