mr 3. Analyzing and Recording Transactions Question 1 of 10) Which of the following is an example of an error that would not cause trial balance to be out of balance? O A journal entry was posted as a debit to Cash and a credit to Sales Revenue when the company received a customer payment on account O All of the above errors would cause the trial balance to be out of balance None of A B or C cause an out of balance situation O A journal entry was posted as a debit to Cash for $525 and credited to Accounts Receivable for $552, O A journal entry was posted os a debit to Woges Expense and a debit to Woges Payable, Chapter 3: Analyzing and Recording Transactions 7. In recording transactions All of the above are untrue Debits should be done in black and credits in red O Assets and expenses are debited for decreases The word debit means to increase and the word credit means to decrease Liabilities and revenue are debited for increases Chapter 3: Analyzing and Recording Transactions 6. Indicate which accounting system is prone to generating more errors: A mental accounting system A manual accounting system O All accounting systems O None of the others alternatives are correct A computerized accounting system Which of the following is not true of a general ledger trial balance? O It will not detect an error where the accounts debited and credited are reversed in recording a particular transaction If it balances, it proves that the total debits equal total credits None of the others alternatives are correct O if it balances, it proves that no errors have been made in recording transactions O It facilitates the preparation of financial statements. tapter 3: Analyzing and Recording Transactions 10. Choose whether recording would most likely be part of A manual accounting system None of the others alternatives are correct All accounting systems O A mental accounting system O A computerized accounting system