A Journal Entry for a $70 Payment for Rent Expense

question 79

Multiple Choice

A journal entry for a $70 payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash.Which of the following statements correctly states the effect of the error on the trial balance?

• A)The sum of the credits will equal the sum of the debits.
• B)The sum of the debits will exceed the sum of the credits by $70.
• C)The sum of the debits will exceed the sum of the credits by $140.
• D)The sum of the credits will exceed the sum of the debits by $140.

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Definitions:

Current Sourcing Sensor

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Sinking and Sourcing

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