Multiple Choice
A company did not record the receipt and payment of an utility bill for $500.Is the trial balance out of balance?
A) No.
B) Yes,by $500.
C) Yes,by $1,000.
D) Yes,by an indeterminate amount.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: When listing the accounts on the trial
Q9: A company had credit sales of $30,000
Q10: Which of the following transactions will increase
Q11: The normal balance of a revenue account
Q12: A business sold equipment for $40,000 cash.They
Q15: Accounts receivable is increased with a credit.
Q16: A business paid $40,000 cash to purchase
Q18: Wrobell Company has the following incorrect trial
Q24: In a journal entry,the sum of the
Q80: Assets include cash,land,and accounts payable.