题目内容

An owner's withdrawal (A dividend ) account normally has a credit balance.

查看答案
更多问题

Post-closing trial balance is prepared after all the adjusted entries have been journalized and posted.

The Owner’s Withdrawals (The dividends) account is a real account that will be carried forward period after period.

Owner’s withdrawals (Dividends) are expenses. ( )

Which of the following errors would make the trial balance out of balance? ()

A. The cash payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.
B. The purchase of office supplies on account for $3,250 was erroneously recorded in the journal as $2,350 debit to Office Supplies and credit to Accounts Payable.
C. A $50 cash receipt for the performance of a service was not recorded at all.
D. The purchase of office equipment for $1,200 was posted as a debit to Office Supplies and a credit to Cash for $1,200.

答案查题题库