Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A trial balance has total debits of $38,000 and total credits of $51,500. Which one of the following errors would create this imbalance? Multiple
A trial balance has total debits of $38,000 and total credits of $51,500. Which one of the following errors would create this imbalance? Multiple Choice A $6,750 debit to Utilities Expense in a journal entry was incorrectly posted to the ledger as a $6.750 credit, leaving the Uties Expense account with a $7,500 debit balance A $13,500 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $13,500 credit, leaving the Salaries Expense account with a $2.550 debit balance. A $6,750 credit to Consulting Revenue in a journal entry was incorrectly posted to the ledger as a $6,750 debit, leaving the Consulting Revenue account with a $15.300 credit balance. A $6,750 debit posting to Accounts Receivable was posted mistakenly to Land
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started