Multiple Choice
A company incorrectly recorded a receipt of cash on account.Accounts Receivable was debited for $1,400 and Cash was credited for $1,400.Is the trial balance out of balance?
A) No.
B) Yes,by $1,400.
C) Yes,by $2,800.
D) Yes,by $4,200.
Correct Answer:
Verified
Correct Answer:
Verified
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