Homework Answers
As the company purchased office supplies for $210. The journal entry must be
| Date | Account titles and explanation | Debit | Credit |
| Office supplies | $210 | ||
| Cash | $210 | ||
| (To record office supplies purchased) |
But the company recorded
| Date | Account titles and explanation | Debit | Credit |
| Office supplies | $550 | ||
| Cash | $210 | ||
| (To record office supplies purchased) |
By which the trial balance of the company will not match as the debit is $550 and credit is $210. So, we can say that the debit will be more than credit by $340 (550-210)
So, the answer is option C) The sum of the debits will exceed the sum of the credit by $340
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