Trial Balance Video Lessons

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Problem: The following is an example of an error that will not be discovered on the trial balance:  a. An entry was journalized and posted as a debit to cash for $500 and credit to accounts receivable for $5,000. b. An entry was journalized and posted as a debit to cash for $500 and a credit to sales revenue $500 when payment was received on a customer's account. c. An entry was journalized and posted as a debit to wages expense for $20,000 and a debit to wages payable for $20,000. d An entry was journalized and posted as a debit to cash for $1,110 and a credit to sales for $1,101.

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Problem Details

The following is an example of an error that will not be discovered on the trial balance: 

a. An entry was journalized and posted as a debit to cash for $500 and credit to accounts receivable for $5,000.

b. An entry was journalized and posted as a debit to cash for $500 and a credit to sales revenue $500 when payment was received on a customer's account.

c. An entry was journalized and posted as a debit to wages expense for $20,000 and a debit to wages payable for $20,000.

d An entry was journalized and posted as a debit to cash for $1,110 and a credit to sales for $1,101.

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What scientific concept do you need to know in order to solve this problem?

Our tutors have indicated that to solve this problem you will need to apply the Trial Balance concept. You can view video lessons to learn Trial Balance. Or if you need more Trial Balance practice, you can also practice Trial Balance practice problems.

What is the difficulty of this problem?

Our tutors rated the difficulty ofThe following is an example of an error that will not be dis...as medium difficulty.

What professor is this problem relevant for?

Based on our data, we think this problem is relevant for Professor Staff's class at Ryerson University.