A journal entry for a $85 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 $85.
C) The sum of the debits will exceed the sum of the credits by $170.
D) The sum of the credits will exceed the sum of the debits by $170.

Question

Quizplus · Accepted Answer

The error does not affect the equality of the trial balance because both the incorrect debit and the correct credit entries still balance; the error is in the allocation to the wrong expense category, not in the balancing of the trial balance.

A Journal Entry for a $85 Payment for Rent Expense