1)Which of the following errors would be disclosed by preparation of a trial balance? A. The collection of an account receivable was recorded by a debit to the Land account rather than to the Cash account.B. The collection of an account receivable for $219 was incorrectly recorded by a $291 debit to Cash and a $291 credit to Accounts Receivable.C. The collection of a $365 account receivable was not recorded at all.D. The collection of a $325 account receivable was recorded by a $325 debit to Cash and a $325 debit to Accounts Receivable.

2)Adjusting entries help achieve the goals of Accrual Accounting by applying the following two related accounting principles or concepts: A. Revenue Realization principle and Matching principle.B. Revenue Realization principle and Liquidity concept C. Liquidity concept and Matching principle.D. Accrual Accounting relates to the Liquidity concept only.