1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alona [7]
3 years ago
5

A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash. This error will

cause which of the following conditions on the trial balance?
A. The sum of the credits will equal the sum of the debits.

B. The sum of the debits will exceed the sum of the credits by $75.

C. The sum of the credits will exceed the sum of the debits by $150.

D. The sum of the debits will exceed the sum of the credits by $150.
Business
1 answer:
Illusion [34]3 years ago
3 0

Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.

Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.

In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.

You might be interested in
What explanation might an economist provide why some people overeat when such behavior can lead to health​ consequences? Some pe
LiRa [457]

Answer:

Utility overvalued

Explanation:

According to economists, such people over value the utility they are meant to get in the future. They only want to get the entire satisfaction at a go because of the fear of not getting that food again in the nearest future.

3 0
3 years ago
If you are holding a premium bond, you must expect a _______ each year until maturity. If you are holding a discount bond, you m
prisoha [69]

Answer:

i dont know lol hahhahahhah

Explanation:

5 0
2 years ago
Haruto Kawa, a Japanese citizen who works for Shin-Ro Corp. in Japan, has been asked to head the company's sales office in the U
Marianna [84]

Answer:

The correct answer will be "Expatriate".

Explanation:

  • An expatriate seems to be a migrant worker through his or her occupation, a specialist, or maybe even a skilled worker.
  • Expatriate managers could've been characterized because of those who aren’t residents including its country during which individuals work, and were employed because of everyone's specialized operational skills but rather because of about there willingness to employ organization knowledge.
5 0
3 years ago
The california “standard form” policy of title insurance on real property insures against loss occasioned by:
AVprozaik [17]

The California “standard form” policy of title insurance on real property insures against loss occasioned by a forgery in the chain of recorded title.

 

To add, standard form policy is an insurance policy form that is designed to be used by many different insurers and has exactly the same provisions, regardless of the insurer issuing the <span>policy.</span>

3 0
4 years ago
LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to
VladimirAG [237]

Answer:

$739.72 ≈  739.72

Explanation:

we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])

  • fv = $1,000
  • pmt = $1,000 x 7.25% x 1/2 = $36.25
  • nper = 60
  • rate = 10% / 2 = 5%
  • present value = ?

=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.

6 0
3 years ago
Other questions:
  • A registered representative ("rr") is an MFP of a municipal securities firm that is an underwriter for that municipal issuer. Th
    13·1 answer
  • One of the advantages of communicating through email rather than through letters and telephone calls is
    6·1 answer
  • What are 3 categories that make up a credit score
    15·1 answer
  • Sheela Dairy Corporation buys unprocessed cows' milk from local farmers. At the dairy, this unprocessed milk is broken down into
    7·1 answer
  • According to the video, what are some hazards Stationary Engineers may face? Check all that apply. noise hazardous materials dan
    7·1 answer
  • Which ethical approach typically focuses on the attainment of fair and equitable distribution of economic goods and services?
    14·1 answer
  • Economists believe that scarcity is
    10·2 answers
  • How does the government use monetary policy and fiscal policy to achieve its macroeconomic goals?
    10·1 answer
  • Bob visited the offices of MASS, a successful insurance company in Boston. MASS needs people who are good with numbers. When Bob
    5·1 answer
  • upton industries has revenues of $42,629, interest expense of $1,230, depreciation of $2,609, cost of goods sold of $23,704, div
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!