Which of the following statements is NOT correct? "Received cash for a provided service is considered a financing business activity "Repaid a mortgage' is considered a financing business activity "Purchased equipment for cash' is considered an investing business activity 'Purghased supplies on account is considered an operating business activity Question 25 (1 point) Which of the following errors in a trial balance would lead to a difference in the debit and credit balance? The purchase of Supplies in cash was recorded as debit of $5,000 to Inventory and credit of $5,000 to Cash. O A $1,000 credit to Cash was posted twice as two credits to Cash. The collection of $1,600 cash on account was posted as a debit of $1,600 to Cash and a credit of $1,600 to Accounts Payable. A journal entry debiting Cash and crediting Service Revenue for $1,300 was not posted