Multiple Choice
A journal entry for a $70 payment for rent expense was posted as a debit to Salaries expense and a credit to Cash.This error will cause which of the following conditions on the trial balance?
A) The sum of the credits will equal the sum of the debits.
B) The sum of the debits will exceed the sum of the credits by $140.
C) The sum of the credits will exceed the sum of the debits by $140.
D) The sum of the debits will exceed the sum of the credits by $70.
Correct Answer:
Verified
Correct Answer:
Verified
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