A $100 Collection on Account Was Posted as a Debit

question 96

Multiple Choice

A $100 collection on account was posted as a debit to cash and a credit to accounts payable. This error will cause:

• A)the trial balance to be in balance.
• B)the sum of the credits to exceed the sum of the debits by $100.
• C)the sum of the debits to exceed the sum of the credits by $100.
• D)accounts receivable account to be too low by $100.

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