The credit purchase of a new oven for $5,700 was posted to Kitchen Equipment as a $5,700 debit and to Accounts Payable as a $5,700 debit. What effect would this error have on the trial balance? Multple Cholce The total of the Debit column of the trial balance will exceed the total of the Credit column by $5,70O. The total of the Credit column of the trial balance will exceed the total of the Debit column by $5,700. The total of the Debit column of the trial balance will exceed the total of the Credit column by $11,400. The total of the Credit column of the trial balance will exceed the total of the Debit column by $11,400. The total of the Debit column of the trial balance will equal the total of the Credit column.

The credit purchase of a new oven for $5,700 was posted to Kitchen Equipment as a $5,700 debit and to Accounts Payable as a $5,700 debit. What effect would this error have on the trial balance? Multple Cholce The total of the Debit column of the trial balance will exceed the total of the Credit column by $5,70O. The total of the Credit column of the trial balance will exceed the total of the Debit column by $5,700. The total of the Debit column of the trial balance will exceed the total of the Credit column by $11,400. The total of the Credit column of the trial balance will exceed the total of the Debit column by $11,400. The total of the Debit column of the trial balance will equal the total of the Credit column.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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