Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The trial balance at the end of the month shows the total debit balance is $1500 greater than the total credit balance. When recording the

The trial balance at the end of the month shows the total debit balance is $1500 greater than the total credit balance. When recording the transaction for payment of wages of $1500 the following error would most likely have occurred:

a. an incorrect entry where both wages expense and cash were debited for $1500.

b. a transposition error where both the debit to wages expense and the credit to cash were recorded as $5100.

c. an incorrect entry where both wages expense and cash were credited for $1500.

d. a single-entry error where wages expense was debited for $1500 but the credit to cash for $1500 was not recorded..

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions