Multiple choice 15. Which of the following errors, each considered separately, would cause the traA payment of P410 to a creditor was posted as a debit of P410 to AccountThe amount of P326 received from customers on account was posted asaA payment of P20 for Miscellaneous Expense was recorded as a debit of PaFailure to post part of an entryd.balance totals to be unequal?a.to Cash and a credit of P20 to Miscellaneous Expense.b.debit of P236 to Cash and a credit of P236 to Accounts Receivable.C.aPayable and a credit of P41 to Cash.d. A payment of P18 to a creditor was posted as a debit of P180 to AccountsPayable and a credit of P180 to Cash.224

Solution: Trial balance totals would be unequal when amount debited is not equal to the amount that…

The amount of P326 received from customers on account was posted asa Which of the following errors, each considered separately, would cause the tr A payment of P410 to a creditor was posted as a debit of P410 to Account A payment of P20 for Miscellaneous Expense was recorded as a debit of P malance totals to be unequal? to Cash and a credit of P20 to Miscellaneous Expense. debit of P236 to Cash and a credit of P236 to Accounts Receivable. Payable and a credit of P41 to Cash.

The amount of P326 received from customers on account was posted asa Which of the following errors, each considered separately, would cause the tr A payment of P410 to a creditor was posted as a debit of P410 to Account A payment of P20 for Miscellaneous Expense was recorded as a debit of P malance totals to be unequal? to Cash and a credit of P20 to Miscellaneous Expense. debit of P236 to Cash and a credit of P236 to Accounts Receivable. Payable and a credit of P41 to Cash.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 2MC

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