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Which of the following errors, each considered Individually, would cause the trial balance totals to be unequal? A transaction was not posted O Cash received
Which of the following errors, each considered Individually, would cause the trial balance totals to be unequal? A transaction was not posted O Cash received from customers on account was posted as a debit of $166 to Cash and a credit of $166 to Accounts Payable. A payment of $506 to a creditor was posted as a debit of $5,06A to Accounts Payable and a credit of $506 to Cash. O payment of $130 for insurance was posted as a debit of $80 to Prepaid Insurance and a credit of $80 to Cash. The charter of a corporation provides for the issuance of 119,489 shares of common stock. Assume that 36,033 shares were originally issued and 4,120 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared? Oa. $4,120 Ob. $31.913 Oc. $119,489 Od. $36,033 A sales Invoice included the following information: merchandise price, $6,500; terms 1/10, n/eom; FOB shipping point with prepaid freight of $389 added to the invoice, Assuming that a credit for merchandise returned of $1,300 is granted prior to payment and that the invoice is paid within the discount period, what is the amount of cash that should be received by the seller? Oa. $6,500 Ob. $5,537 Oc. $1,300 Od. $6,820
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