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Question 1 of 10The trial balance would automatically reveal the following error: Land was purchased for cash but insteadof crediting cash, the credit was made to Accounts Receivable.0.0/ 10.0 PointsA. TrueB. FalseAnswer Key: FalseQuestion 2 of 10A company returned for credit a portion of the office supplies purchased previously for future use on credit. What entry is required?0.0/ 10.0 PointsQuestion 3 of 10The Office Equipment account normally has a credit balance.10.0/ 10.0 Points
Question 4 of 10A journal aids in the division of labor by allowing one person to journalize entries while another individual may post these entries.10.0/ 10.0 Points