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(Solution) - Two students are discussing the use of a trial balance

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Two students are discussing the use of a trial balance. They wonder whether the following errors, each considered separately, would prevent the trial balance from balancing.
(a) The bookkeeper debited Cash for $600 and credited Wages Expense for $600 for payment of wages.
(b) Cash collected on account was debited to Cash for $900 and Service Revenue was credited for $90. What would you tell them?


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This question was answered on: Jul 11, 2017

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