Which of the following errors could be detected by examining a trial balance?
A) A journal entry for a $250 payment on account was posted as a $520 debit to Accounts payable and a $250 credit to Cash.
B) A journal entry for a $250 payment on account was not posted.
C) A journal entry for a $75 payment for Rent expense was posted twice.
D) A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash.
Correct Answer:
Verified
Q60: trial balance will usually report total debits
Q61: general public generally does not see a
Q62: trial balance summarizes a ledger by listing
Q63: of the following is a method used
Q64: is a trial balance usually prepared?
A) After
Q66: A trial balance is prepared and the
Q67: Which of the following is TRUE of
Q68: A $250 payment on account was posted
Q69: A receipt of $300 cash on account
Q70: The credit side of an entry to
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