Joe Company Purchased Supplies Inventory for $5,000

Multiple Choice

Joe Company purchased supplies inventory for $5,000.Due to an error in posting,the inventory account was debited for only $500 when trade payables was credited for $5,000.During which phase of the accounting information cycle would this error be discovered?

A) Recording transaction in the journal.
B) Preparation of the financial statements.
C) Preparation of the trial balance.
D) Analysis of each transaction.