The trial balance of Klopp and Co does not agree and a suspense account has been opened. Cash paid to a trade payable if $ 3641 has been posted to the control account as $ 3146. Which entry makes the correct adjustment?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The trial balance of Klopp and Co
does not agree and a suspense
account has been opened. Cash
paid to a trade payable if $ 3641
has been posted to the control
account as $ 3146. Which entry
makes the correct adjustment?
Debit Credit
A control account 990 suspense
account 990
B suspense account 990 control
account 990
C suspense account 495 control
account 495
D control account 495 suspense
account 495
Transcribed Image Text:The trial balance of Klopp and Co does not agree and a suspense account has been opened. Cash paid to a trade payable if $ 3641 has been posted to the control account as $ 3146. Which entry makes the correct adjustment? Debit Credit A control account 990 suspense account 990 B suspense account 990 control account 990 C suspense account 495 control account 495 D control account 495 suspense account 495
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