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Sagot :
If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits side.
Adjusted trial balance
Based on the information given debiting Interest Expense for $500 was right and debiting Interest Payable for $50 was wrong.
Reason being that Interest expense is a debit entry because expenses are supposed to be debited while interest payable is a credit entry.
Based on this the adjusted trial balance's debits side will not equal its credits side.
Inconclusion If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits side.
Learn more about adjusted trial balance here:https://brainly.com/question/14476257
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