Reference no: EM132716905

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

• The debit posting for a sale on account was omitted. 5,000
• The balance of Prepaid assets was listed as a credit instead of debit 34,000
• The balance of Office expense was listed as Rent expense 16,000
• 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?

Option 1: 65,000

Option 2: 30,000

Option 3: 34,000

Option 4: 81,000