At Year-End, a Trial Balance Showed Total Credits Exceeding Total

Multiple Choice

At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by:

A) An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
B) A net income of $4,950.
C) The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
D) An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable.
E) The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550.