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The following statements each describe an error that was made when a transaction was analyzed and posted in the t-accounts, or when transferred to the

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The following statements each describe an error that was made when a transaction was analyzed and posted in the t-accounts, or when transferred to the trial balance. Choose one of the errors and determine if the error would be caught by an unbalanced trial balance; explain why or why not. If the trial balance would not balance, include how much it would be out of balance by. Option 1: A payment for equipment was recorded as a debit of $395 to Equipment and a credit of $359 to Bank. Option 2: Cash received from a customer was recorded as a debit of $180 to Bank and a credit of $180 to Accounts Payable. Option 3: An amount of $50 was debited to Supplies, but it should have been debited to Equipment. Option 4: An account balance of $140 was transferred to the wrong side of the trial balance. Option 5: A payment of $495 to a creditor was recorded as a debit to Accounts Payable of $495 and a credit to Bank of $49

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