1. The trial balance of Klopp and Codoes not agree and a suspenseaccount has been opened. Cashpaid to a trade payable if $ 3641has been posted to the controlaccount as $ 3146. Which entrymakes the correct adjustment?Debit CreditA control account 990 suspenseaccount 990B suspense account 990 controlaccount 990C suspense account 495 controlaccount 495D control account 495 suspenseaccount 495

The control account represents the ledger balance. The suspense account is a temporary account…

The trial balance of Klopp and Co does not agree and a suspense account has been opened. Cash paid to a trade payable if $ 3641 has been posted to the control account as $ 3146. Which entry makes the correct adjustment?

The trial balance of Klopp and Co does not agree and a suspense account has been opened. Cash paid to a trade payable if $ 3641 has been posted to the control account as $ 3146. Which entry makes the correct adjustment?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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