While in the process of posting from the journal to the ledger, a company failed to post a $500 debit to the Equipment account. The effect of this error will be that:

Multiple Choice

• The Equipment account balance will be overstated.

• The error will overstate the credits listed in the journal.

• The total debits in the trial balance will be larger than the total credits.

• The error will overstate the debits listed in the journal.

• The trial balance will not balance.