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Question 6 Given the following transactions: a) A payment of $2,150 to a creditor was posted as a debit of $2,150 to cash. b) A
Question 6 Given the following transactions: a) A payment of $2,150 to a creditor was posted as a debit of $2,150 to cash. b) A fee of $4,600 eamed and due from a client was not debited to Accounts Receivable or credited to a revenue account, because the cash had not been received c) A receipt of $3,100 from an account receivable was journalized and posted as a debit of $3,100 to Cash and a credit of $3,100 to Fees Earned. d) A payment of $10,000 for equipment purchased was posted as a debit of $1,000 to Equipment and a credit of $1,000 to Cash. Payment of a cash withdrawal of $15,000 was journalized and posted as a debit of $5,000 to Salary Expense and a credit of $15,000 to Cash. Required: Indicate which of the following errors, each considered individually, would cause the trial balance totals to be unequal Out of Balance Difference Larger Total a) b) c) d) e)
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