If a $35,000 debit to property in a journal entry is incorrectly posted to the ledger as a $35,000 credit and the ledger account has a resulting debit balance of $240,000. what is the effect of this error on the trial balance column totals? a. $35,000 b. $70,000 c. $170,000 d. $200,500

If a $35,000 debit to property in a journal entry is incorrectly posted to the ledger as a $35,000 credit and the ledger account has a resulting debit balance of $240,000. what is the effect of this error on the trial balance column totals? a. $35,000 b. $70,000 c. $170,000 d. $200,500

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter4: Journalizing And Posting Transactions

Section: Chapter Questions

Problem 11SPA: CORRECTING ERRORS Assuming that all entries have been posted, prepare correcting entries for each of...

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Question

If a $35,000 debit to property in a journal entry is incorrectly posted to the ledger as a $35,000
credit and the ledger account has a resulting debit balance of $240,000. what is the effect of
this error on the trial balance column totals?
a. $35,000
b. $70,000
c. $170,000
d. $200,500

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