Which of the following errors would cause a trial balance to have unequal totals? Explain your answers.

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Which of the following errors would cause a trial balance to have unequal totals? Explain your answers.

a. A payment to a creditor was recorded as a debit to Accounts Payable for $129 and as a credit to Cash for $102.

b. A payment of $150 to a creditor for an account payable was debited to Accounts Receivable and credited to Cash.

c. A purchase of office supplies of $420 was recorded as a debit to Office Supplies for $42 and as a credit to Cash for $42.

d. A purchase of equipment for $450 was recorded as a debit to Supplies for $450 and as a credit to Cash for $450.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Principles of Accounting

ISBN: 978-1439037744

11th Edition

Authors: Needles, Powers, crosson

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