Payment of cash for the purchase of office equipment


Equal or Unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.

1). Payment of cash for the purchase of office equipment of $15,000 was debited to Land for $15,000 and credited to Cash for $15,000.

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Accounting Basics: Payment of cash for the purchase of office equipment
Reference No:- TGS0699347

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