$29,225 debit to Machinery is posted as a debit to Accounts Payable. (1) Differe

Question

$29,225 debit to Machinery is posted as a debit to Accounts Payable. (1) Difference between Debit and Credit Columns $ __________ (2) Column with the Larger Total a. Debit b.Credit c. None (3) Identify account(s) incorrectly stated a. Accounts Payable b. Machinery and Accounts Payable c. Machinery (4) Amount that account(s) is overstated or understated. (Select all that apply.) a. Accounts payable is understated by $29,225 b. Machinery is understated by $29,225 c. Machinery is overstated by $29,225 d. Accounts payable is overstated by $29,225 e. None

Explanation / Answer

b.Credit.............b. Machinery and Accounts Payable ............ c. Machinery is overstated by $29,225

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