Question: Identify the item below that would cause the trial balance to not balance? Multiple Choice A $1,000 collection of an account receivable was erroneously posted

Identify the item below that would cause the trial balance to not balance? Multiple Choice A $1,000 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 $3,250 was erroneously recorded in the journal as $2,350 debit to Office Supplies and $2,350 credit to Accounts Payable. A $50 cash receipt for the performance of a service was not recorded at all. The purchase of office equipment for $1,200 was posted as a debit to Office Supplies and a credit to Cash for $1,200. The cash payment of a $750 account payable was posted

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!