A Trial Balance Will Not Balance If

question 26

Multiple Choice

A trial balance will not balance if

• A)a correcting journal entry is posted twice.
• B)a $50 cash dividend is debited to dividends for $500 and credited to cash for $50.
• C)a $300 payment on accounts payable is debited to accounts payable for $30 and credited to cash for $30.
• D)a transaction is not posted at all.

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Definitions:

Liberty

Enjoying a state of freedom in a society where authority-imposed restrictions on lifestyle, behavior, or politics do not exist.

Loyalists' Exile

Loyalists' Exile denotes the period following the American Revolution where individuals loyal to the British crown, known as Loyalists, were forced to flee the newly independent United States, many resettling in Canada, Britain, or the British Caribbean.

Loyalist Exiles

Individuals who were loyal to the British Crown during the American Revolutionary War and who fled to other territories as a result of their allegiance.

Free Americans

Individuals in the United States who enjoy the freedoms and rights guaranteed by the Constitution and laws, without being subjected to slavery or involuntary servitude.