A trial balance has total debits of $34,000 and total credits of $45,500. Which one of the following errors would create this imbalance? Possible answers: A $5,750 debit to Utilities Expense in a journal entry was incorrectly posted to the ledger as a $5,750 credit, leaving the Utilities Expense account with a $6,500 debit balance. A $11,500 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $11,500 credit, leaving the Salaries Expense account with a $2,150 debit balance. A $5,750 credit to Consulting Fees Earned (Revenues) in a journal entry was incorrectly posted to the ledger as a $5,750 debit, leaving the Consulting Fees Earned account with a $13,300 credit balance. A $5,750 debit posting to Accounts Receivable was posted mistakenly to Land. A $11,500 debit posting to Equipment was posted mistakenly to Cash. An entry debiting Cash and crediting Accounts Payable for $11,500 was mistakenly not posted.
QS 2-8 Identifying a posting error LO P2
A
Possible answers:
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A $5,750 debit to Utilities Expense in a
journal entry was incorrectly posted to the ledger as a $5,750 credit, leaving the Utilities Expense account with a $6,500 debit balance. -
A $11,500 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $11,500 credit, leaving the Salaries Expense account with a $2,150 debit balance.
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A $5,750 credit to Consulting Fees Earned (Revenues) in a journal entry was incorrectly posted to the ledger as a $5,750 debit, leaving the Consulting Fees Earned account with a $13,300 credit balance.
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A $5,750 debit posting to Accounts Receivable was posted mistakenly to Land.
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A $11,500 debit posting to Equipment was posted mistakenly to Cash.
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An entry debiting Cash and crediting Accounts Payable for $11,500 was mistakenly not posted.
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