Identify the item below that would cause the trial balance to not balance?a. A $1,480 collection of an account receivable was erroneously posted as a debit to Accounts Receivable and a credit to Cash. b. The purchase of office supplies on account for $3,260 was erroneously recorded in the journal as $2,360 debit to Office Supplies and $2,360 credit to Accounts Payable. c. A $290 cash receipt for the performance of a service was not recorded at all. d. The purchase of office equipment for $2,400 was posted as a debit to Office Supplies and a credit to Cash for $2,400.e. The cash payment of a $1,230 account payable was posted as a debit to Accounts Payable and a debit to Cash for $1,230.

e. The cash payment of a $1,230 account payable was posted as a debit to Accounts Payable and a debit to Cash for $1,230.

Explanation:

The other mispostings will not cause the trial balance not to balance.  But, the posting of two debits for a transaction without a corresponding credit posting will certainly not allow the the trial balance to balance, making the debit side to be greater by $2,460 ($1,230 * 2).  To correct this mistake, the Cash account needs to be credited with the sum of $2,460.  The first $1,230 is to cancel the error while the second $1,230 puts the posting right.

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

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