124.Which of the following errors would
not
be disclosed by preparation of a trial balance?
A. An error was made in computing the balance of the Cash account.
B. A journal entry included a debit to the Equipment account for $3,200, but this amount was erroneously posted as $2,300.
C. During the posting process, a $1,700 debit to Cash was accidentally entered in the credit side of the Cash account.
D. The journal entries recorded on the last day of the year have never been posted to the ledger.
125.Refer to the information above. In a trial balance prepared at
December 31, 2014
the total of the debit column is:
A. $1,540,000.
B. $780,000.
C. $1,020,000.
D. $700,000.
126.Refer to the information above. In a trial balance prepared at
January 3, 2015, the total of the debit column is:
A. $760,000.
B. $1,570,000.
C. $740,000.
D. $370,000.
Ceramic Products, Inc. reports these account balances at January 1, 2015 (shown in alphabetical order):
127.Refer to the information above. In a trial balance prepared for Ceramic Products on January 1, 2015, the total of the credit column is:
A. $182,000.
B. $196000.
C. $166,000.
D. $286,000.
128.Refer to the information above. In a trial balance prepared on January 6, 2015, the total of the credit column is:
A. $275,000.
B. $286,000.
C. $287,000.
D. $297,000.
129.Refer to the information above. In a trial balance prepared at
December 31, 2014
the total of the debit column is:
A. $805,000.
B. $780,000.
C. $415,000.
D. $390,000.
130.Refer to the information above. In a trial balance prepared at
January 3, 2015, the total of the debit column is:
A. $760,000.
B. $825,000.
C. $740,000.
D. $370,000.
its note payable.
131.Refer to the information above. In a trial balance prepared for Wilson Trucking on January 1, 2015, the total of the credit column is:
A. $1,580,000.
B. $1,560,000.
C. $1,620,000.
D. $3,120,000.
132.Refer to the information above. In a trial balance prepared for Wilson Trucking on January 6, 2015, the total of the debit column is:
A. $1,580,000.
B. $1,399,000.
C. $1,620,000.
D. $3,120,000.
133.Refer to the information above. In a trial balance prepared on January 6, 2015, the total of the credit column is:
A. $1,350,000.
B. $1,399,000.
C. $1,560,000.
D. $1,721,000.
134.The need for familiarity with accounting concepts is:
A. Limited to those planning a career in accounting.
B. Limited to those planning to pursue the CPA credential.
C. Universal for each and every career path.
D. Necessary for anyone entering the world of business.