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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?

May 22 2020 View more View Less

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