At year-end, a trial balance showed total credits exceeding total debits by $5,050. This difference could have been caused by:

Multiple Choice

An error in the general journal where a $5,050 increase in Accounts Receivable was recorded as an increase in Cash.

A net income of $5,050.

The balance of $50,500 in Accounts Payable being entered in the trial balance as $5,050.

The balance of $5,620 in the Office Equipment account being entered on the trial balance as a debit of $570.

An error in the general journal where a $5,050 increase in Accounts Payable was recorded as a decrease in Accounts Payable.