Styles 9 Editing Multiple Choice Questions: (20 marks) 1. In which of the following situations would the trial balance not balance? A. A $1,000 collection of an account receivable was incorrectly posted as a debit to Accounts Receivable and a credit to Cash. B. The purchase of office supplies on account for $3,250 was incorrectly recorded in the journal as $2,350. C. $50 cash receipt for the performance of a service was not recorded. D. The purchase of office equipment for $1,200 was posted as a debit to Office Supplies E. The payment of a $750 account payable was posted as a debit to Accounts Payable and a debit to Cash for $750. 2. The purchase on credit of a delivery truck for $9,600 was posted to Delivery Trucks as a $9,600 debit and to Rent Expense as a $9,600 debit. What effect would this error have on the trial balance? A. The total of the Debit column of the trial balance will exceed the total of the Credit column by $9,600 B. The total of the Credit column of the trial balance will exceed the total of the Debit column by $9,600. C. The total of the Debit column of the trial balance will exceed the total of the Credit column by $19,200. D. The total of the Credit column of the trial balance will exceed the total of the Debit column by $19,200. E. The total of the Debit column of the trial balance will equal the total of the Credit column 3. Of the following errors, which one by itself will cause the trial balance to be out of balance? A. A $200 salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense B. A $100 receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable C. A $75 receipt from a customer in payment of his account posted as a $75 debit to Cash and a $75 credit to Cash D. A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash E. All of these errors will cause the trial balance to be out of balance 4. A receipt of $12,600 cash from a customer as a payment on their account was incorrectly credited to Rent Revenue. What is the effect of this error on the financial statements of the company? A. Assets are understated by $12,600 and owners' equity is understated by $12,600. B. Assets are overstated by $12,600 and owners' equity is overstated by $12,600 C. Assets are overstated by $25,200 and owners' equity is overstated by $25,200. D. Assets are understated by $12,600 and liabilities are understated by $12,600. E. Assets are understated by $25,200 and owners' equity is understated by $25,200. C Focus W