题目内容

A journal entry for a $250 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $520 and a credit to Cash for $250. Which of the following statements correctly states the effect of the error on the trial balance?

A. The sum of the credits will exceed the sum of the debits by $270.
B. The sum of the debits will exceed the sum of the credits by $250.
C. The sum of the debits will exceed the sum of the credits by $270.
D. The sum of the debits will exceed the sum of the credits by $520.

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Which of the following statements is true of a trial balance?

A trial balance is the first step in the accounting cycle.
B. A trial balance is also known as a balance sheet.
C. A trial balance is a list of all accounts with their balances.
D. A trial balance is also known as the chart of accounts.

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The following are the current month's balances for Toys Galore, before preparing the trial balance.What amount should be shown for Jones, Capital on the trial balance?

A. $16,500
B. $8,250
C. $14,500
D. $31,000

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The following are the current month's balances for Toys Galore:Calculate the total amount of credits for the trial balance.

A. $24,500
B. $22,750
C. $24,750
D.$32,750

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The following are the current month's balances for Toys Galore:What is the net income for Toys Galore for the current month?

A. $10,000
B.$8,250
C.$11,750
D. $15,000

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A journal entry for a $250 payment to purchase office supplies was erroneously recorded as a debit to Office Supplies for $520 and a credit to Cash for $250. Which of the following statements correctly states the effect of the error on the trial balance?

A. The sum of the credits will exceed the sum of the debits by $270. B. The sum of the debits will exceed the sum of the credits by $250. C. The sum of the debits will exceed the sum of the credits by $270. D. The sum of the debits will exceed the sum of the credits by $520.

Which of the following statements is true of a trial balance?

The following are the current month's balances for Toys Galore, before preparing the trial balance.What amount should be shown for Jones, Capital on the trial balance?

The following are the current month's balances for Toys Galore:Calculate the total amount of credits for the trial balance.

The following are the current month's balances for Toys Galore:What is the net income for Toys Galore for the current month?

A. The sum of the credits will exceed the sum of the debits by $270.
B. The sum of the debits will exceed the sum of the credits by $250.
C. The sum of the debits will exceed the sum of the credits by $270.
D. The sum of the debits will exceed the sum of the credits by $520.