A trial balance that is out of balance indicates that

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66.A trial balance that is out of balance indicates that:67.The number of ledger accounts with debit balances is not equal to the number of accounts with credit balances.68.A debit has been posted to the wrong account.69.There is not an equality of debit and credit amounts in the ledger.70.A journal entry has been completely omitted from the posting process.
67.A trial balance consists of:68.A two-column schedule of all debit and credit entries posted to ledger accounts.69.A two-column financial statement intended for distribution to interested parties outside the business.70.A two-column schedule showing the totals of all debits and of all credits made in journal entries.71.A two-column schedule listing names and balances of all ledger accounts.68.Green Systems sold and delivered modems to Blue Computers for $660,000 to be paid by Blue in three equal installments over the next three months. The journal entry made by Blue Computers to record the last of the three installment payments will include:
69.Which of the following errors would be disclosed by preparation of a trial balance?
70.Which of the following errors would not be disclosed by preparation of a trial balance?
71.Black Systems sold and delivered modems to White Computers for $330,000 to be paid by White in three equal installments over the next three months. The journal entry made by Black Systems to record this transaction will include:72.A debit to Sales Revenue for $330,000.73.A debit to Accounts Receivable for $330,000.74.A debit to Accounts Receivable for $110,000.75.A debit to Cash Paid for $330,000.

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