Question
A trial balance has total debits of $20,000 and total credits of $24,500. Which one of the following errors would create this imbalance? 1) A
A trial balance has total debits of $20,000 and total credits of $24,500. Which one of the following errors would create this imbalance? 1) A $2,250 debit to Utilities Expense in a journal entry was incorrectly posted to the ledger as a $2,250 credit, leaving the Utilities Expense account with a $3,000 debit balance. 2) An entry debiting Cash and crediting Accounts Payable for $4,500 was mistakenly not posted. 3) A $2,250 credit to Consulting Fees Earned (Revenues) in a journal entry was incorrectly posted to the ledger as a $2,250 debit, leaving the Consulting Fees Earned account with a $6,300 credit balance. 4) A $4,500 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $4,500 credit, leaving the Salaries Expense account with a $750 debit balance. 5) A $2,250 debit posting to Accounts Receivable was posted mistakenly to Land. 6) A $4,500 debit posting to Equipment was posted mistakenly to Cash.
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