When listing the assets in the trial balance,the number for Accounts Receivable was transposed.The correct balance is $4,100 and the number written is $1,400.Is the trial balance out of balance?
A)No.
B)Yes,by $1,400.
C)Yes,by $2,700.
D)Yes,by $4,100.

Question

Quizplus · Accepted Answer

Since the number for Accounts Receivable was transposed, it means that there is an error of $2,700 ($4,100 - $1,400) in the trial balance. Therefore, the trial balance is out of balance by $2,700.

When Listing the Assets in the Trial Balance,the Number for Accounts