Which of the following errors, each considered individually, would cause the trial balance to be out of balance? A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash. A payment of $59 for supplies was posted as a debit of $95 to Supplies and a credit of $95 to Cash. Cash of $530 received from a customer on account was posted as a debit of $350 to Cash and as a credit of $350 to Accounts Payable. A transaction was not posted.

Question

Leticia Yates

Business

14 July, 06:21

Which of the following errors, each considered individually, would cause the trial balance to be out of balance? A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash. A payment of $59 for supplies was posted as a debit of $95 to Supplies and a credit of $95 to Cash. Cash of $530 received from a customer on account was posted as a debit of $350 to Cash and as a credit of $350 to Accounts Payable. A transaction was not posted.

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Answers (1)

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Natalya Lang · Answer 1

A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash.

Explanation:

Even if the others are wrong, they by themselves wouldn't cause the trial balance to be out of balance, because in the end they have similar of the same amount of money in debit and credit, the only one that would make the trial balance to be out of balance would be A payment of $148 to a creditor was posted as a debit to Accounts Payable and a debit of $148 to Cash. because as you can see it has both transactions in the debit side, and when doing trail balances for every debit there is always a credit with the same amount.