When the trial balance includes a debit column total of $14,350 and a credit column total of $15,350, it is probable that
A) a transposition error occurred.
B) a $500 debit was recorded twice.
C) a $500 credit was recorded twice.
D) a $500 debit was recorded as a credit.

Question

Quizplus · Accepted Answer

The difference between the debit and credit column totals is $1,000, which suggests that a $500 transaction was incorrectly recorded on the opposite side. If a $500 debit was mistakenly recorded as a credit, it would decrease the debit total by $500 and increase the credit total by $500, creating a $1,000 discrepancy.

When the Trial Balance Includes a Debit Column Total of $14,350