the following errors, each considered individually, would cause the trial balance totals to be unequal? a payment of P96 for insurance was posted as a debit of P46 to Prepaid Insurance and a credit of P46 to Cash cash received from customers on account was posted as a debit of P140 to Cash and a credit of P140 to Accounts Payable a payment of P311 to a creditor was posted as a debit of P3,111 to Accounts Payable and a debit of P311 to Accounts Receivable
the following errors, each considered individually, would cause the trial balance totals to be unequal? a payment of P96 for insurance was posted as a debit of P46 to Prepaid Insurance and a credit of P46 to Cash cash received from customers on account was posted as a debit of P140 to Cash and a credit of P140 to Accounts Payable a payment of P311 to a creditor was posted as a debit of P3,111 to Accounts Payable and a debit of P311 to Accounts Receivable
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter2: T Accounts, Debits And Credits, Trial Balance, And Financial Statements
Section: Chapter Questions
Problem 8E: Would the following errors cause the trial balance to have equal or unequal totals? As a result of...
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Which of the following errors, each considered individually, would cause the
a payment of P96 for insurance was posted as a debit of P46 to Prepaid Insurance and a credit of P46 to Cash
cash received from customers on account was posted as a debit of P140 to Cash and a credit of P140 to Accounts Payable
a payment of P311 to a creditor was posted as a debit of P3,111 to Accounts Payable and a debit of P311 to Accounts Receivable
a transaction was not posted
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