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Which of the following errors would be detected by a trial balance? i) Office salaries posted correctly to cash are posted as a credit to other income ii) Cash received from a customer on account was posted as a debit of $350 to cash and as a credit of $350 to accounts payable iii) A payment of $59 for supplies was posted as a debit of $95 to supplies and a credit of $59 to cash

Which of the following errors would be detected by a trial balance? i) Office salaries posted correctly to cash are posted as a credit to other income ii) Cash received from a customer on account was posted as a debit of $350 to cash and as a credit of $350 to accounts payable iii) A payment of $59 for supplies was posted as a debit of $95 to supplies and a credit of $59 to cash

FINANCIAL ACCOUNTING
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 would be detected by a trial balance? i) Office salaries posted correctly to cash are posted as a credit to other income ii) Cash received from a customer on account was posted as a debit of $350 to cash and as a credit of $350 to accounts payable iii) A payment of $59 for supplies was posted as a debit of $95 to supplies and a credit of $59 to cash iv) A transaction was not posted Select one: a. i, ii, iii, iv b. ii, iv C. iii, iv d. i, iii e. None of the above
Transcribed Image Text:Which of the following errors would be detected by a trial balance? i) Office salaries posted correctly to cash are posted as a credit to other income ii) Cash received from a customer on account was posted as a debit of $350 to cash and as a credit of $350 to accounts payable iii) A payment of $59 for supplies was posted as a debit of $95 to supplies and a credit of $59 to cash iv) A transaction was not posted Select one: a. i, ii, iii, iv b. ii, iv C. iii, iv d. i, iii e. None of the above
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