Question: Given the following errors, identify the one by itself that will cause the trial balance to be out of balance. A $340 cash salary payment

 Given the following errors, identify the one by itself that will

Given the following errors, identify the one by itself that will cause the trial balance to be out of balance. A $340 cash salary payment posted as a $340 debit to Cash and a $340 credit to Salaries Expense. A $240 cash receipt from a customer in payment of her account posted as a $240 debit to Cash and a $24 credit to Accounts Receivable. A $145 cash receipt from a customer in payment of her account posted as a $145 debit to cash and a $145 credit to Cash. A $92 cash purchase of office supplies posted as a $92 debit to Office Equipment and a $92 credit to Cash. An $1, 500 prepayment from a customer for services to be rendered in the future was posted as an $1, 500 debit to Unearned Revenue and an $1, 500 credit to Cash

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!