Indicate whether the following would cause the adjusted trial balance totals to be unequal. If the...
Indicate whether the following would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.
The entry for $975 of supplies used during the period was journalized as a debit to supplies expense for $795 and credit to supplies for $975.
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Indicate whether the following would cause the adjusted trial
balance totals to be unequal. If the...
For each of the following errors, considered individually, indicate whether the error would cause the trial...
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of an insurance premium of $1,170 for a three-year policy was debited to Prepaid Insurance...
Trial Balance Errors For each of the following errors, considered individually, indicate whether the error would...
Trial Balance Errors For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of an insurance premium of $2,340 for a three-year policy was debited...
Trial Balance Errors For each of the following errors, considered individually, indicate whether the error would...
Trial Balance Errors For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of an insurance premium of $7,450 for a three-year policy was debited to Prepaid...
Trial Balance Errors For each of the following errors, considered Individually, indicate whether the error would...
Trial Balance Errors For each of the following errors, considered Individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial þalance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. s. The payment of cash for the purchase of office equipment of $12,900 was debited...
Example Exercise 2-6 Trial Balance Errors 4 For each of the following errors, considered in- dividually,...
Example Exercise 2-6 Trial Balance Errors 4 For each of the following errors, considered in- dividually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit b. A fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850 c. A payment of $3,500 to a creditor was posted...
na Balance Errors For each of the following errors, considered individually, indicate whether the error would...
na Balance Errors For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debitor credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of cash for the purchase of office equipment of $13,600 was debited to...
Please answer the following three questions PE 2-5A Missing amount from an account On June 1,...
Please answer the following three questions
PE 2-5A Missing amount from an account On June 1, the cash account balance was $17.200. During June, cash payments totaled $178,300, and the June 30 balance was $23,900. Determine the cash receipts during June. PE 2-5B Missing amount from an account On October 1, the supplies account balance was $900. During October, supplies of $2,750 were purchased, and $1,025 of supplies were on hand as of October 31. Determine sup- plies expense for...
Which of the following is not an error that would cause the trial balance to become...
Which of the following is not an error that would cause the trial balance to become unequal? a.Balance entered in wrong column of account b.Column incorrectly added c.The debit part of an entry posted to the wrong account as a debit d.Debit is posted as a credit, or vice versa
1.Which of the following is not an error that would cause the trial balance to become...
1.Which of the following is not an error that would cause the trial balance to become unequal? a. Balance entered in wrong column of account b. Column incorrectly added c. The debit part of an entry posted to the wrong account as a debit d. Debit is posted as a credit, or vice versa 2. If a fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850, which of...
Exercise 3-20A Determining the effect of errors on the trial balance LO 3-3 Explain how each...
Exercise 3-20A Determining the effect of errors on the trial balance LO 3-3 Explain how each of the following posting errors affects a trial balance. State whether the trial balance will be out of balance because of the posting error, and indicate which side of the trial balance will have a higher amount after each independent entry is posted. If the posting error does not affect the equality of debits and credits in the trial balance, state that the error...
For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of an insurance premium of $1,170 for a three-year policy was debited to Prepaid Insurance...
Trial Balance Errors For each of the following errors, considered Individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial þalance totals to be unequal, indicate whether the debit or credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. s. The payment of cash for the purchase of office equipment of $12,900 was debited...
Example Exercise 2-6 Trial Balance Errors 4 For each of the following errors, considered in- dividually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debit or credit b. A fee of $2,850 earned from a client was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850 c. A payment of $3,500 to a creditor was posted...
na Balance Errors For each of the following errors, considered individually, indicate whether the error would cause the trial balance totals to be unequal. If the error would cause the trial balance totals to be unequal, indicate whether the debitor credit total is higher and by how much. If the debit and credit totals would be equal, enter zero ("0") in the amount box. a. The payment of cash for the purchase of office equipment of $13,600 was debited to...
Please answer the following three questions
PE 2-5A Missing amount from an account On June 1, the cash account balance was $17.200. During June, cash payments totaled $178,300, and the June 30 balance was $23,900. Determine the cash receipts during June. PE 2-5B Missing amount from an account On October 1, the supplies account balance was $900. During October, supplies of $2,750 were purchased, and $1,025 of supplies were on hand as of October 31. Determine sup- plies expense for...
Exercise 3-20A Determining the effect of errors on the trial balance LO 3-3 Explain how each of the following posting errors affects a trial balance. State whether the trial balance will be out of balance because of the posting error, and indicate which side of the trial balance will have a higher amount after each independent entry is posted. If the posting error does not affect the equality of debits and credits in the trial balance, state that the error...
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