At year-end, a trial balance showed total credits exceeding total debits by $6050. This difference could have been caused by:
A. An error in the general journal where a $6050 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
B. A net income of $6050.
C. An error in the general journal where a $6050 increase in Accounts Receivable was recorded as an increase in Cash.
D. The balance of $60,500 in Accounts Payable being entered in the trial balance as $6050.
E. The balance of $6820 in the Office Equipment account being entered on the trial balance as a debit of $770.
Answer: E
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