Multiple Choice
A company recorded a cash payment incorrectly.Accounts Receivable was debited for $1,900 and Cash was credited for $1,900.The correct entry would debit Accounts Payable for $1,900 and credit Cash for $1,900.Is the trial balance out of balance?
A) No.
B) Yes,by $1,900.
C) Yes,by $3,800.
D) Yes,by an indeterminate amount.
Correct Answer:
Verified
Correct Answer:
Verified
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