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Business, 26.09.2019 19:10 dannnaa

Assume that sunshine realty co. borrowed $300,000 from columbia first bank and trust. in recording the transaction, sunshine erroneously recorded the receipt as a debit to cash, $300,000, and a credit to fees earned, $300,000. (a) how would this error affect the equality of the trial balance? (b) how would this error affect the income statement, statement of owner's equity, and balance sheet?

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Assume that sunshine realty co. borrowed $300,000 from columbia first bank and trust. in recording t...
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