The Following Errors Were Made in Preparing a Trial Balance

question 63

Multiple Choice

The following errors were made in preparing a trial balance: the $1,350 balance of Inventory was omitted;the $450 balance of Prepaid Insurance was listed as a credit;and the $300 balance of Salaries Expense was listed as Utilities Expense.The debit and credit totals of the trial balance would differ by

• A) $1,350.
• B) $1,800.
• C) $2,100.
• D) $2,250.

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Definitions:

Truman's Policies

Truman's Policies encompass the foreign and domestic policies enacted by President Harry S. Truman, including the Marshall Plan and the doctrine of containment during the Cold War.

Domestic Economic Problems

encompass challenges within a country's economy, such as unemployment, inflation, and deficits, affecting the quality of life of its citizens.

1945-1948

A period immediately after World War II, marked by significant geopolitical changes, including the start of the Cold War and the establishment of the United Nations.

Nation's Poorest Group

The demographic segment within a country that has the lowest income and living standards, often facing significant economic hardships.