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Assume that JRQ Consulting erroneously recorded the payment of $10000 of owner withdrawals as a debit to Salary Expense How would this error affect the equality of the trial balance


Assume that JRQ Consulting erroneously recorded the payment of $10,000 of owner withdrawals as a debit to Salary Expense.
(a) How would this error affect the equality of the trial balance?
(b) How would this error affect the income statement, statement of owner’s equity, and balance sheet?

Apr 03 2020 View more View Less

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