Question

"a $15 credit to sales was posted as a $150 credit. By what amount is sales out of balance?"

Answer 1

The sales account is out of balance by $135 due to the incorrect posting of a credit.

Step-by-step explanation:

When a $15 credit to sales was mistakenly posted as a $150 credit, the sales account would be out of balance by the difference between the two amounts.

To calculate this, you would subtract the correct credit amount ($15) from the incorrect credit amount ($150).

Here's the calculation: $150 (incorrect credit) - $15 (correct credit) = $135.

Therefore, the sales account is out of balance by $135.