A $75 payment for rent expense was posted as a debit to salary expense and a credit to cash. This error will cause:
A)the trial balance to be in balance.
B)the sum of the credits to exceed the sum of the debits by $75.
C)the sum of the debits to exceed the sum of the credits by $75.
D)the sum of the debits to exceed the sum of the credits by $150.

Question

Quizplus · Accepted Answer

The error involves misclassifying the expense but does not affect the overall balance between debits and credits, so the trial balance will still be in balance.

A $75 Payment for Rent Expense Was Posted as a Debit