Given the Following Errors,identify the One by Itself That Will

question 191

Multiple Choice

Given the following errors,identify the one by itself that will cause the trial balance to be out of balance.

• A)A $200 cash salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense.
• B)A $100 cash receipt from a customer in payment of her account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable.
• C)A $75 cash receipt from a customer in payment of her account posted as a $75 debit to Cash and a $75 credit to Cash.
• D)A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash.
• E)An $800 prepayment from a customer for services to be rendered in the future was posted as an $800 debit to Unearned Revenue and an $800 credit to Cash.

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Definitions:

Current Year

The period of time from January 1 to December 31 of the present calendar year.

Statement Of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Interrelationship

A connection or relation between two or more things, often examined to understand how changes in one aspect can affect others.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of the firm's financial condition.