A trial balance is useful because it

A correctly prepared trial balance will detect

If the trial balance is in balance, it proves

A tool to prove the equality of debits and credits is called a(n)

An amount incorrectly entered as $15,996 was instead of $15,969. This is an example of a

Most important use of the trial balance.

The difference caused by a transposition error is

All journal entries were correctly prepared. For one entry, the credit amount was entered in the debit column of the account in the general ledger. This is an example of a(n)

An employee was overpaid because of an error in payroll computation. The employee returned the excess amount. Cash was credited and miscellaneous income was credited. The trial balance will

A transposition error in the debit column of Accounts Payable in the General Ledger entered the amount of $72,000 instead of $27,000. What is the effect in the trial balance?

Which of the following is a slide error?

Which of the following is a transposition error?

The general ledger posting proves the equality of debits and credits at the end of the accounting period.

If the total debits and total credits of accounts are added up, these would be equal to the total debits and total debits in the trial balance.

The trial balance and the balance sheet usually have the same totals since both are required to be in balance.

When digits are interchanged, like $494 instead of $449, the error is called a slide.

A trial balance provides assurance that the numbers in the accounts are accurate.

A journal entry records a debit amount erroneously as $245 instead of $345. A day later, a credit to another account was overstated by $100. The trial balance will not be in balance.

Posting to a wrong account will cause the total in the trial balance to be unequal.

A trial balance has equal total debits and credits. It is still possible that there are errors in some accounts.

The difference between total debits and total credits is divisible by nine. There is a possibility of a transposition error.

When an account debit balance is entered in the credit column of the trial balance, the total credits will be more than the total debits.

An example of a slide error is entering $5,000 instead of $50,000.

A transaction was journalized with both a debit and credit for $150 instead of $510 dollars. The unadjusted trial balance will still be in balance.

On June 30, the bank deducted the company’s account for $10,000 representing quarterly payment for a loan. The unadjusted trial balance will still be in balance. The company received the notice of payment on July 1. The trial balance on June 30 will still be in balance.

Determine the correct amount.

Determine the amount of difference.

How much is the difference?

Cash receipts of $5,000 was posted twice; credit to Accounts receivable was omitted. What is the difference?

A payment of $2,588 was recorded only as a credit to Cash. How much is the difference?

A $945 payment for insurance was recorded as debit to Prepaid Insurance, and a credit to Cash for $495. How much is the difference?

Sale of scrap items for $4,700 was credited to Cash for $4,700, and credited to Miscellaneous Income for $4,700. How much is the difference?

The journal entry for payment of notes payable amounting to $8,000 was correctly made. The credit to Cash was posted to the debit side in the general ledger. The Cash balance that will be carried forward to the unadjusted trial balance will be

The journal entry for payment of notes payable amounting to $8,000 was correctly made. The credit to Cash was posted to the debit side in the general ledger. The Cash balance that will be carried forward to the unadjusted trial balance will be

Which of the following independent errors would cause the trial balance totals to be unequal?

Supplies purchased on account were incorrectly recorded as Office Equipment.  The correcting entry would be

Consider the following trial balance. All accounts have normal balances. The trial balance is not in balance because of errors. The correct amounts for Prepaid expenses and Property and equipment are $2,500 and $278,000, respectively. What should be the correct total in both debit and credit columns?