A Journal Entry for a $250 Payment to Purchase Office

question 77

Multiple Choice

A journal entry for a $250 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $520 and a credit to Cash for $250. Which of the following statements correctly states the effect of the error on the trial balance?

• 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 sum of the debits will exceed the sum of the credits by $520.

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A fundamental component that is basic or not developed in complexity.

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