A company did not record the receipt and payment of an utility bill for $2,500.Is the trial balance out of balance?
A)No.
B)Yes,by $2,500.
C)Yes,by $5,000.
D)Yes,by an indeterminate amount.

Name: A company did not record the receipt and payment of an utility bill for $2,500.Is the trial balance out of balance? A)No. B)Yes,by $2,500. C)Yes,by $5,000. D)Yes,by an indeterminate amount.
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Question

Quizplus · Accepted Answer

The trial balance will still balance as no entry was written for debit or credit.

A Company Did Not Record the Receipt and Payment of an Utility