Which of the following errors, each considered individually, would cause the trial balance totals to be unequal? a) A payment of $488 to a creditor was posted as a debit of $848 to Accounts Payable and a debit of $488 to Accounts Receivable. b) Cash received from customers on account was posted as a debit of $450 to Cash and a credit of $450 to Accounts Payable. c) A payment of $79 for supplies was posted as a debit of $907 to Supplies and a credit of $907 to Cash. d) A transaction was not posted
Which of the following errors, each considered individually, would cause the trial balance totals to be unequal? a) A payment of $488 to a creditor was posted as a debit of $848 to Accounts Payable and a debit of $488 to Accounts Receivable. b) Cash received from customers on account was posted as a debit of $450 to Cash and a credit of $450 to Accounts Payable. c) A payment of $79 for supplies was posted as a debit of $907 to Supplies and a credit of $907 to Cash. d) A transaction was not posted
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
ME11
Which of the following errors, each considered individually, would cause the
a) A payment of $488 to a creditor was posted as a debit of $848 to Accounts Payable and a debit of $488 to Accounts Receivable.
b) Cash received from customers on account was posted as a debit of $450 to Cash and a credit of $450 to Accounts Payable.
c) A payment of $79 for supplies was posted as a debit of $907 to Supplies and a credit of $907 to Cash.
d) A transaction was not posted.
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