Two students are discussing the use of a trial balance. They wonder whether the following...
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Accounting
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 Salaries and 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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