Multiple Choice
A $6,440 debit to interest expense was incorrectly posted as a $644 debit. What is theeffect of this error on the trial balance and the interest expense accounts?
A) The debit column of the trial balance would be $5,796 overstated and interest expense would be understated by $5,796.
B) The debit column of the trial balance would be $5,796 overstated and interest expense would be overstated by $5,796.
C) The debit column of the trial balance would be $5,796 understated and interest expense would be overstated by $5,796.
D) The debit column of the trial balance would be $5,796 understated and interest expense would be understated by $5,796.
E) The debit column of the trial balance would be $6,440 understated and interest expense would be understated by $6,440.
Correct Answer:

Verified
Correct Answer:
Verified
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