How much is the difference between total debits and credits

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Reference no: EM132664546

An entity's unadjusted trial balance does not equal. The following information was determined:

  1. The debit posting for a sale on account was omitted. 5,000
  2. The balance of Prepaid assets was listed as a credit instead of debit 34,000
  3. The balance of Office expense was listed as Rent expense 16,000
  4. Accounts payable was listed as a debit instead of credit 4,000

Problem 1: How much is the difference between the total debits and total credits in the trial balance?

a. 65,000

b. 81,000

c. 30,000

d. 34,000

Reference no: EM132664546

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