The following errors were made in preparing a trial balance: the $1,350 balance of Inventory was omitted; the $450 balance of Prepaid Insurance was listed as a credit; and the $300 balance of Salaries Expense was listed as Utilities Expense. The debit and credit totals of the trial balance would differ by
a. $1,350.
b. $1,800.
c. $2,100.
d. $2,250.
D
You might also like to view...
When a source document provides authority for a business activity to occur, the source document is said to ______________________________ the activity
Fill in the blank(s) with correct word
________ branding consists of activities and processes that help inform and inspire employees about brands
A) Internal B) Personal C) Individual D) External E) Co-
Dwight has recently been promoted to a position as a territory salesperson. Which of the following should Dwight expect to do in his new job?
A. Developing marketing campaigns B. Recruiting and selecting new employees C. Calculating overhead costs D. Designing product logos E. Solving customer issues
Breakeven analysis helps in finding the level of activity at which sales revenue equals the sum of all variable and fixed costs
Indicate whether the statement is true or false