A journal entry for a $220 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $500 and a credit to Cash for $220. Which of the following statements correctly states the effect of the error on the trial balance?

Question

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The error resulted in debiting too much to the Office Supplies account and not enough to the Cash account. The correct entry should have been a debit to Office Supplies for $220 and a credit to Cash for $220. Therefore, the trial balance will show a debit balance for Office Supplies that is $280 more than it should be ($500 debit instead of $220 debit) and a credit balance for Cash that is correct at $220. This means that the sum of the debits will exceed the sum of the credits by $280.

A Journal Entry for a $220 Payment to Purchase Office