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
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter10: Cash Receipts And Cash Payments
Section: Chapter Questions
Problem 4DQ: In a cash receipts journal, both the Accounts Receivable Credit column and the Cash Debit column...
Related questions
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub