T/I

Error Situation

Trial Balance will not be out of balance (show with a check mark).

Trial Balance will be out

of balance by amount

shown below

1.

A payment for equipment was recorded as a debit of $395 to Equipment and a credit of $359 to Bank.

$

2.

Cash received from a customer was recorded as a debit of $180 to Bank and a credit of $180 to Accounts Payable.

$

3.

A credit of $300 to the Capital account was recorded twice.

$

4.

An account balance of $140 was transferred to the wrong side of the trial balance.

$

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.

$

6.

An amount of $50 was debited to Supplies, but it should have been debited to Equipment.

$