approprists for all but which & The hoaing "For the Yor Evdd ume 30, 0x the statemest of changes in financial positioa 7. The elfect of s debit entry is o e decrease or increase as account balance decrease and increase an aecount balance has debits of $26,000, credits of $28,000, aad an ending balance of s If Accounts Receivable 2402 which of the ollowing was its beginning balance? a $28,000 h 4,000 e s 2000 $50,000 r s200 cash and a $6,000 mete are given ia exchange for a delivery truck for use in a dhe owner's equity is incressed total assets are decressed a e ocal liabilities are decreased d none of the above 10. roman equipment is aequiredby paying $2.S00 cash and ssuing an SS,750 note payable: a totul assets are decreased by $2,500 total owner's equity is decreased by $2,500. c total assets are iscreased by $3,750. d total assets are iscreased by 511,25o . A trial balance will indicate the existence of an error if a a journal entry debiting Building is posted as a debit to the Repairs account. b a ledger account with a credit balance is listed as a debit amount in the trial balance. c a purchase of a desk for $800 is entered in the accounting records as a debit of $80 to Office Supplies and a credit of $80 to Account Payable d the collecticn of $375 cash is recorded by a debit to Accounts Receivable and a credit to cash. 12. An emplayee of Z Company made an error in posting from the journal to ledger accounts. He pasted s credit twice to the same revenue account. The procedure imost likely to disclose this emor would be a taking a trial balacce b. refooting all the accounts in the ledger c. comparing the total number of debit entries in tha ledger with the total number of credit entries d. none of the above