Identify which error will cause the trial balance to be out of balance. Multiple Choice A $370 cash salary payment posted as a $370 debit to Cash and a $370 credit to Salaries Expense. A $270 cash receipt from a customer in payment of her account posted as a $270 debit to Cash and a $27 credit to Accounts Receivable. A $160 cash receipt from a customer in payment of her account posted as a $160 debit to Cash and a $160 credit to Cash. A $101 cash purchase of office supplies posted as a $101 debit to Office Equipment and a $101 credit to Cash.

Identify which error will cause the trial balance to be out of balance. Multiple Choice A $370 cash salary payment posted as a $370 debit to Cash and a $370 credit to Salaries Expense. A $270 cash receipt from a customer in payment of her account posted as a $270 debit to Cash and a $27 credit to Accounts Receivable. A $160 cash receipt from a customer in payment of her account posted as a $160 debit to Cash and a $160 credit to Cash. A $101 cash purchase of office supplies posted as a $101 debit to Office Equipment and a $101 credit to Cash.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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