Multiple Choice
A trial balance will balance even if
A) a journal entry to record the purchase of equipment for cash of $45,000 is not posted.
B) a $10,000 cash dividend is debited to dividends for $10,000 and credited to cash for $1,000.
C) a $300 collection on accounts receivable is credited to accounts receivable for $300 without a corresponding debit.
D) a purchase of supplies for $575 on account is debited to supplies for $575 and credited to accounts payable for $557.
Correct Answer:

Verified
Correct Answer:
Verified
Q118: A decrease in a liability is recorded
Q157: Debit and credit can be interpreted to
Q158: Which of the following journal entries is
Q159: In its simplest form, an account consists
Q160: All of the following statements regarding the
Q161: A company that receives money in advance
Q163: On March 1, 2022, Freeze Company hires
Q165: Financing activities include the purchase or sale
Q166: On July 7, 2022, Shireman Enterprises received
Q167: The normal balance of the dividend account