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Exercise 16: (LOOOVND omitted) A trial balance has total debits of 20,000 and total credits of 24,500. Which one of the following errors would create
Exercise 16: (LOOOVND omitted) 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? Explain. a. A 2,250 debit posting to Accounts Receivable was posted mistakenly to Cash. b. A 4,500 debit posting to Equipment was posted mistakenly to Supplies. c. An entry debiting Cash and crediting Accounts Payable for 4,500 was mistakenly not posted. d. A 2,250I credit to Revenue in a journal entry is incorrectly posted to the ledger as a 2,250 debit, leaving the Revenue account with a 6,300 credit balance. e. A 4,500 debit to Rent Expense in a journal entry is incorrectly posted to the ledger as a 4,500 credit, leaving the Rent Expense account with a 750 debit balance. f. A 2,250 debit to Utilities Expense in a journal entry is incorrectly posted to the ledger as a 2,250credit, leaving the Utilities Expense account with a 3,000 debit balance
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