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A Trial Balance Has Total Debits of $720,000 and Total

Question 170

Multiple Choice

A trial balance has total debits of $720,000 and total credits of $850,000, with a debit balance of $65,000 for notes payable. This situation indicates:


A) a slide.
B) an incorrect posting.
C) a transposition.
D) that none of the above are correct.

Correct Answer:

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