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  3. the journal entry to record a particular business

The journal entry to record a particular business transaction includes a debit to a liability...

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Accounting

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The journal entry to record a particular business transaction includes a debit to a liability account. This transaction is most likely also to include: a A cash receipt. b The purchase of an asset on account. A cash payment. d A credit to Accounts Receivable.| A trial balance will indicate the existence of an error if: a The purchase of a typewriter for $870 is entered in the accounting records as a debit of $87 to Office Equipment and a credit of $87 to Accounts Payable. b The collection of $75 cash is recorded by a debit to Accounts Receivable and a credit to Cash. A journal entry debiting Equipment is posted as a debit to the Building account. A ledger account with a credit balance is listed as a debit amount in the trial balance

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