In Which of the Following Situations Would the Trial Balance

question 60

Multiple Choice

In which of the following situations would the trial balance not balance?

• A) A $1,000 collection of an account receivable was incorrectly posted as a debit to Accounts Receivable and a credit to Cash.
• B) The purchase of office supplies on account for $3,250 was incorrectly recorded in the journal as $2,350.
• C) $50 cash receipt for the performance of a service was not recorded.
• D) The purchase of office equipment for $1,200 was posted as a debit to Office Supplies.
• E) The payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750.

---

Definitions:

Self-Interest

An individual's personal gain or advantage, often considered a driving force behind economic decisions and actions.

Lowest Price

The minimum price at which an item or service is offered in the market, often used as a competitive strategy.

Human Specialization

The process by which individuals focus on a narrow area of skills or knowledge, improving efficiency and productivity in economic systems.

Economy's Output

The total value of all goods and services produced within an economy over a certain period.