In preparing the trial balance of the K & L’s Bridal Service the withdrawal acco

Question

In preparing the trial balance of the K & L’s Bridal Service the withdrawal account (which had a normal balance in the general ledger) was listed as a credit for $400. What will be the difference between the debit and credit sides of the trial balance? A $150 B $200 C $300 D $800 In preparing the trial balance of the K & L’s Bridal Service the withdrawal account (which had a normal balance in the general ledger) was listed as a credit for $400. What will be the difference between the debit and credit sides of the trial balance? A $150 B $200 C $300 D $800 A $150 B $200 C $300 D $800

Explanation / Answer

Owner's withdrawal account is debit balance and if that debit balance is entered as credit balance so difference in debit and credit sides of trial balance is double

so difference is 400*2 = 800

so answer is d) $800

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