Multiple Choice
The purchase of a delivery truck for $9,500 (on credit) was posted as debit to Delivery Trucks for $9,500, and a debit to Notes Payable for $9,500.
What effect would this error have on the trial balance?
A) The total of the Debit column of the trial balance will exceed the total of the Credit column by $9,500.
B) The total of the Credit column of the trial balance will exceed the total of the Debit column by $9,500.
C) The total of the Credit column of the trial balance will exceed the total of the Debit column by $19,000.
D) The total of the Debit column of the trial balance will exceed the total of the Credit column by $19,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: Use the T-account below, to answer the
Q20: A trial balance:<br>A) Must balance when it
Q21: If the beginning Cash account balance was
Q22: Which of the following adjustments is an
Q23: A trial balance that balances is useful
Q25: Which of the following is a temporary
Q26: Transactions are first recorded in the general
Q27: A compound entry does not necessarily have
Q28: Which of the following is a correct
Q29: When invoices are sent to customers billing