Which of the following errors, each considered individually, would cause the trial balance totals to be unequal?A payment of $481 to a creditor was posted as a debit of $4,819 to Accounts Payable and a credit of $481 to Cash.A transaction was not posted.Cash received from customers on account was posted as a debit of $163 to Cash and a credit of $163 to Accounts Payable.A payment of $90 for insurance was posted as a debit of $40 to Prepaid Insurance and a credit of $40 to Cash.

at the year-end the trial balance must be matched i,e total of the debits must be equal to total…

Answered: Which of the following errors, each…

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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Which of the following errors, each considered individually, would cause the trial balance totals to be unequal?

A payment of $481 to a creditor was posted as a debit of $4,819 to Accounts Payable and a credit of $481 to Cash.

A transaction was not posted.

Cash received from customers on account was posted as a debit of $163 to Cash and a credit of $163 to Accounts Payable.

A payment of $90 for insurance was posted as a debit of $40 to Prepaid Insurance and a credit of $40 to Cash.

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