16. Identify the item below that would cause the trial balance to not balance.

Multiple Choice

• A $1,100 collection of an account receivable was erroneously posted as a debit to Accounts Receivable and a credit to Cash.

• The purchase of office supplies on account for $3,275 was erroneously recorded in the journal as $2,375 debit to Office Supplies and $2,375 credit to Accounts Payable.

• A $100 cash receipt for the performance of a service was not recorded at all.

• The purchase of office equipment for $1,450 was posted as a debit to Office Supplies and a credit to Cash for $1,450.

• The cash payment of a $850 account payable was posted as a debit to Accounts Payable and a debit to Cash for $850.

17. Use the following information for Meeker Corp. to determine the amount of equity to report.

Cash	$ 71,000
Buildings	126,000
Land	206,200
Liabilities	131,000

Multiple Choice

• $534,200.

• $282,200.

• $403,200.

• $20,200.

• $272,200.

18. Pauls Landscaping purchased $660 of office supplies on credit. The companys policy is to initially record prepaid and unearned items in balance sheet accounts. Which of the following general journal entries will Pauls Landscaping make to record this transaction?

Multiple Choice

• Debit Office supplies expense, $660; credit Cash, $660.

• Debit Cash, $660; credit Office supplies, $660.

• Debit Office supplies, $660; credit Cash, $660.

• Debit Office supplies, $660; credit Accounts payable, $660.

• Debit Accounts payable, $660; credit Office supplies, $660.

19. Pauls Landscaping paid $520 on account for supplies purchased in the prior month. Which of the following general journal entries will Pauls Landscaping make to record this transaction?

Multiple Choice

• Debit Office supplies expense, $520; credit Cash, $520.

• Debit Cash, $520; credit Office supplies, $520.

• Debit Office supplies, $520; credit Cash, $520.

• Debit Office supplies, $520; credit Accounts payable, $520.

• Debit Accounts payable, $520; credit Cash, $520.

20. Richard Redden, the sole stockholder, contributed $85,000 in cash and land worth $160,000 in exchange for common stock to open a new business, RR Consulting. Which of the following general journal entries will RR Consulting make to record this transaction?

Multiple Choice

• Debit assets $245,000; Credit Common Stock, $245,000.

• Debit Cash and Land, $245,000; Credit Common Stock, $245,000.

• Debit cash $85,000; debit land $160,000; Credit Common Stock, $245,000.

• Debit Common Stock, $245,000; credit cash $85,000; credit land $160,000.

• Debit Common Stock, $245,000; credit assets $245,000.