Question

At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by: Multiple Choice The balance of $5,500 in the Office Equipment account being mistakenly entered on the trial balance as a debit of $550. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash. A net income of $4,950. The balance of $49,500 in Accounts Payable being mistakenly entered in the trial balance as $4,950. An error in the general journal where a $4,950 increase in Accounts Payable was mistakenly recorded as a decrease in Accounts Payable.

          At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by:
Multiple Choice
The balance of $5,500 in the Office Equipment account being mistakenly entered on the trial balance as a debit of $550.
An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash.
A net income of $4,950.
The balance of $49,500 in Accounts Payable being mistakenly entered in the trial balance as $4,950.
An error in the general journal where a $4,950 increase in Accounts Payable was mistakenly recorded as a decrease in Accounts Payable.

at year end a trial balance showed total credits exceeding total debits by 4950 this difference could have been caused by multiple choice the balance of 5500 in the office equipment account 15253

Added by Victoria M.

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