Which of the Following Situations Would Result in a Trial

question 105

Multiple Choice

Which of the following situations would result in a trial balance that does not balance?

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

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Definitions:

Statute Law

Written laws passed by a legislative body at the federal or state level, as opposed to common law, which is derived from judicial decisions.

Early Payment

The act of settling a debt or invoice before its designated due date, which may sometimes lead to benefits such as discounts.

Communicated Acceptance

The act of conveying agreement to the terms of an offer, completing the formation of a contract.

Similar Relations

Associations or connections between entities or concepts that share common characteristics or attributes.