Question

8. Mary Neylon has trouble keeping her debits and credits equal. During a recent month, Mary made the following accounting errors: 12(Click the icon to view the accounting errors.) Print Read the requirements 13. Requirement 1. For each of these errors, state whether total debits equal total credits on the trial balance. For each error determine whether total debils are "Greater than">), "Equal to" (=), or "Less than" (<) total credits. a. Total debits Total credits b. Total debits (2) Total credits Total debits Total debits d. Total credits Total credits Total credits e. Total debits Requirement 2. Identify each account that has an incorrect balance, and the amount and direction of the error (such as "Accounts Receivable $500 too high"). Account Amount Direction of Error (6) (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) (19) d. 12: More Info a. b. c. d. e. In preparing the trial balance, Mary omitted a $2,000 Notes Payable. The debit to Cash was correct. Mary posted a $600 Utilities Expense as $60. The credit to Cash was correct. In recording a $400 payment on account, Mary debiled Equipment instead of Accounts Payable. In joumalizing a receipt of cash for service revenue, Mary debited Cash for S70 Instead of the correct amount of $700. The credit was correct. Mary recorded a $130 purchase of office supplies on account by debiting Office Supplies for $310 and crediting Accounts Payable for $310.

Answer 1

Answer:

Requirement 1:

a	Total debits	>	Total Credits
b	Total debits	<	Total Credits
c	Total debits	=	Total Credits
d	Total debits	<	Total Credits
e	Total debits	=	Total Credits

Requirement 2:

	Account	Amount	Direct of Error
a	Notes payable	$2,000	Too low
b	Utilities expense	$600	Too low
c	Equipment	$400	Too high
	Accounts payable	$400	Too high
d	Cash	$630	Too low
e	Office supplies	$180	Too high
	Accounts payable	$180	Too high