In Which of the Following Situations Would the Trial Balance

question 48

Multiple Choice

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

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

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Definitions:

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.

Quantity

The amount or number of a material or immaterial good or service.

Units

Basic quantities considered as a standard of measurement for physical quantities.

Profit-Maximizing

The method used by a company to identify the pricing and production quantities that maximize its profits.