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    Noreka's Avatar
    Noreka Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 23, 2010, 12:07 PM
    Accounting
    Company A collected $9,000 cash that was due on an account receivable. Company A's
    Accountant recorded the entry as a debit to cash and a credit to service revenue. As a result of
    This error
    a. the totals of the trial balance will not be equal.
    b. the amount of cash will be overstated.
    c. dividends will be understated.
    d. retained earnings will be overstated.
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Jun 23, 2010, 12:28 PM
    Thank you for taking the time to copy your homework to AMHD.
    Please refer to this announcement: https://www.askmehelpdesk.com/financ...-b-u-font.html
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