Asked by Nicole Macario on Jul 24, 2024
Verified
In preparing the trial balance of the J&J's Bridal Service, the Withdrawals account (which had a normal balance in the general ledger) was listed as a credit for $900. What will be the difference between the debit and credit sides of the trial balance?
A) $100
B) $210
C) $310
D) $1,800
Withdrawals Account
An account used in bookkeeping to record amounts drawn out by an owner or partner from a business for personal use.
Trial Balance
A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit account columns to check for accuracy.
- Identify routine faults in the accounting cycle and comprehend the steps necessary for their amendment.
Verified Answer
NH
Nguyen HalinaJul 29, 2024
Final Answer :
D
Explanation :
The Withdrawals account, having a normal debit balance, was incorrectly listed as a credit for $900. To correct this, $900 should be removed from the credit side and added to the debit side, resulting in a $1,800 difference ($900 + $900) between the debit and credit sides of the trial balance.
Learning Objectives
- Identify routine faults in the accounting cycle and comprehend the steps necessary for their amendment.