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Which of the following record keeping errors would result in the wrong total for debits and credits on the unadjusted trial balance? O A. A cash sale of $1500 was recorded as a debit to cash and a credit to accounts payable. O B. A payment of $2,000 in dividends was recorded as a debit to salary expense instead of a debit to dividends. O C.A bill for telephone expense was recorded as a debit to utilities expense and credit to cash. O D. A payment to a supplier for the amount owing on account was recorded as a debit to accounts receivable and a credit to cash. Reset Selection

Which of the following record keeping errors would result in the wrong total for debits and credits on the unadjusted trial balance? O A. A cash sale of $1500 was recorded as a debit to cash and a credit to accounts payable. O B. A payment of $2,000 in dividends was recorded as a debit to salary expense instead of a debit to dividends. O C.A bill for telephone expense was recorded as a debit to utilities expense and credit to cash. O D. A payment to a supplier for the amount owing on account was recorded as a debit to accounts receivable and a credit to cash. Reset Selection

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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**Quiz Question: Identifying Record Keeping Errors** **Question:** Which of the following record keeping errors would result in the wrong total for debits and credits on the unadjusted trial balance? - **A.** A cash sale of $1500 was recorded as a debit to cash and a credit to accounts payable. - **B.** A payment of $2,000 in dividends was recorded as a debit to salary expense instead of a debit to dividends. - **C.** A bill for telephone expense was recorded as a debit to utilities expense and credit to cash. - **D.** A payment to a supplier for the amount owing on account was recorded as a debit to accounts receivable and a credit to cash. **Reset Selection**
Transcribed Image Text:**Quiz Question: Identifying Record Keeping Errors** **Question:** Which of the following record keeping errors would result in the wrong total for debits and credits on the unadjusted trial balance? - **A.** A cash sale of $1500 was recorded as a debit to cash and a credit to accounts payable. - **B.** A payment of $2,000 in dividends was recorded as a debit to salary expense instead of a debit to dividends. - **C.** A bill for telephone expense was recorded as a debit to utilities expense and credit to cash. - **D.** A payment to a supplier for the amount owing on account was recorded as a debit to accounts receivable and a credit to cash. **Reset Selection**
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