What will likely happen in the trial balance if MarCo makes an error in paying off its note payable?

When a company like MarCo makes an error in paying off its note payable, it typically affects its financial statements and trial balance in specific ways. If the error involves an incorrect amount being recorded—say, the payment was less than what was due—the trial balance would reflect this discrepancy because the accounts involved (Cash and Notes Payable) would not correspond with the actual financial activity that took place.

For instance, if MarCo was supposed to pay $800 and mistakenly recorded a payment of only $600, the Cash account would show a reduction of $600 instead of $800, and the Notes Payable account would also reflect a reduction of only $600 instead of the $800 owed. As a result, the trial balance would be out of balance by $200 because the total debits (decrease in Cash) would not equal the total credits (decrease in Notes Payable).

This mismatch can bring about further issues with financial reporting, but importantly, it would directly lead to an imbalance in the trial balance due to the incorrect recording of the payment against the payable account. Thus, if the question indicates a specific imbalance amount, that suggests a direct correlation between the error and the figures shown in the trial balance.