If you have a purchase of supplies on account for $4,730 was credit to Supplies for $ [Archive]

View Full Version : If you have a purchase of supplies on account for $4,730 was credit to Supplies for $

mcneill8

Sep 15, 2018, 02:08 PM

If you have a purchase of supplies on account for $4,730 was credit to Supplies for $4,730 and a credit to Accounts for $4,730. If the totals on the trail balance are not equal, by how much is one column higher than the other?

paraclete

Sep 28, 2018, 06:55 AM

You cannot have two credits otherwise your trial balance will be unbalanced by twice the entry