A Journal Entry for a $250 Payment to Purchase Supplies

question 62

Multiple Choice

A journal entry for a $250 payment to purchase supplies was erroneously recorded as a debit to Supplies for $520 and a credit to Cash for $250.Which of the following statements about the trial balance is TRUE?

• A) The sum of the credits will exceed the sum of the debits by $270.
• B) The sum of the debits will exceed the sum of the credits by $250.
• C) The sum of the debits will exceed the sum of the credits by $270.
• D) The trial balance will be in balance; the sum of the credits will equal the sum of the debits.

---

Definitions:

Parasympathetic

A division of the autonomic nervous system responsible for conserving energy and bringing the body to a state of rest.

Gray Matter

The part of the brain that contains most of the brain's neuronal cell bodies and is involved in sensory perception, emotion, speech, decision making, and self-control.

White Matter

A component of the central nervous system consisting of glial cells and myelinated axons that facilitates communication between different brain regions.

Myelin

A fatty substance that surrounds and insulates the axons of some neurons, enhancing the speed at which nerve signals travel.