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

A. The purchase of office equipment for $2050 was posted as a debit to Office Supplies and a credit to Cash for $2050.
B. The cash payment of a $1090 account payable was posted as a debit to Accounts Payable and a debit to Cash for $1090.
C. The purchase of office supplies on account for $3280 was erroneously recorded in the journal as $2380 debit to Office Supplies and $2380 credit to Accounts Payable.
D. A $220 cash receipt for the performance of a service was not recorded at all.
E. A $1340 collection of an account receivable was erroneously posted as a debit to Accounts Receivable and a credit to Cash.


Answer: B

Business

You might also like to view...

Economies of scale

A. are only relevant to manufacturing industries. B. refer to the rising scale on which efficiency improves as a result of cumulative experience and learning. C. occur due to the presence of abundance resource endowments within a nation. D. are difficult to achieve if fixed costs are high. E. are the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases.

Business

If the yield to maturity (the market rate of return) of a bond is less than its coupon rate, the bond should be selling at a discount; i.e., the bond's market price should be less than its face (maturity) value.?

Answer the following statement true (T) or false (F)

Business

A good has tangible attributes that a consumer's ________ can perceive.

A. five senses B. emotional intelligence C. knowledge of past experiences D. vision E. cognitive intelligence

Business

A(n) ____________________ DDBMS is a database that has the same local DBMS at each site

Fill in the blank(s) with correct word

Business