Question

In: Accounting

Identify the item below that would cause the trial balance to not balance. Multiple Choice The...

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

Multiple Choice

  • The cash payment of a $1,190 account payable was posted as a debit to Accounts Payable and a debit to Cash for $1,190.

  • The purchase of office equipment for $2,300 was posted as a debit to Office Supplies and a credit to Cash for $2,300.

  • 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 $270 cash receipt for the performance of a service was not recorded at all.

  • A $1,440 collection of an account receivable was erroneously posted as a debit to Accounts Receivable and a credit to Cash.

Solutions

Expert Solution

  • The trial balance will not match if there’s a difference between amount posted in debit and amount posted in credit.
  • To make the balance of trial balance equal, each entry has a debit amount equal to the credit amount.
  • Correct Answer: Option #1: The cash payment of a $1,190 account payable was posted as a debit to Accounts Payable and a debit to Cash for $1,190. This would cause the trial balance to NOT BALANCE.
    This is because, $ 1,190 is debited to Accounts Payable, and also $ 1,190 is debited to Cash.
    Credit side had not been affected.
    Hence, the Debit Side would be Overstated.

ekkarill92 answered 2 years ago
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