At Year-End,a Trial Balance Showed Total Credits Exceed Total Debits

question 70

Multiple Choice

At year-end,a trial balance showed total credits exceed total debits by $4,950.This difference could have been caused by:

• A)An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
• B)A net income of $4,950.
• C)The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
• D)The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550.
• E)An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.

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Definitions:

Modified Leaf

A leaf that has evolved to perform functions other than photosynthesis, such as protection, climbing, storage, or reproduction.

Spines

Rigid, sharp structures on plants or animals, often serving as defense against herbivores or predators.

Tendrils

Slender, spirally coiling structures that enable climbing plants to attach and support themselves on objects.

Bud Scales

Protective structures that cover and protect the developing bud in some plants, especially during dormant periods.