Which of the following errors will affect the Trial balance? a. Electricity paid OMR 2,000: Debit Telephone RO 2,000 and Credit Cash RO 2,000 b. Salary paid OMR 500: Debit Salary OMR 500 and Credit Cash OMR 500 c. Business paid OMR 89 telephone expenses were recorded OMR 98 in both the accounts d. Stationery expense OMR 50 : Debit Stationery OMR 50 Credit Cash OMR 500

Which of the following errors will affect the Trial balance? a. Electricity paid OMR 2,000: Debit Telephone RO 2,000 and Credit Cash RO 2,000 b. Salary paid OMR 500: Debit Salary OMR 500 and Credit Cash OMR 500 c. Business paid OMR 89 telephone expenses were recorded OMR 98 in both the accounts d. Stationery expense OMR 50 : Debit Stationery OMR 50 Credit Cash OMR 500

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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Would the following errors cause the trial balance to have equal or unequal totals? As a result of the errors, which accounts are overstated (by how much) or understated (by how much)? a. A purchase of office equipment for 380 was recorded as a debit to Office Equipment for 38 and a credit to Cash for 38. b. A payment of 280 to a creditor was debited to Accounts Receivable and credited to Cash for 280 each. c. A purchase of supplies for 245 was recorded as a debit to Equipment for 245 and a credit to Cash for 245. d. A payment of 76 to a creditor was recorded as a debit to Accounts Payable for 76 and a credit to Cash for 67.
Errors in trial balance The following preliminary unadjusted trial balance of Ranger Co., a sports ticket agency, does not balance: When the ledger and other records are reviewed, you discover the following: (1) the debits and credits in the cash account total 77,600 and 62,100, respectively; (2) a billing of 9,000 to a customer on account was not posted to the accounts receivable account; (3) a payment of 4,500 made to a creditor on account was not posted to the accounts payable account; (4) the balance of the unearned rent account is 5,400; (5) the correct balance of the equipment account is 190,000; and (6) each account has a normal balance. Prepare a corrected unadjusted trial balance.
The bookkeeper for Nevado Company has prepared the following trial balance: The bookkeeper has asked for your help. In examining the companys journal and ledger, you discover the following errors. Use this information to construct a corrected trial balance. a. The debits to the Cash account total 8,000, and the credits total 3,300. b. A 500 payment to a creditor was entered in the journal correctly but was not posted to the Accounts Payable account. c. The first two numbers in the balance of the Accounts Receivable account were transposed when the balance was copied from the ledger to the trial balance. d. The 1,500 amount withdrawn by the owner for personal use was debited to Miscellaneous Expense by mistakeit was correctly credited to Cash.
A 250 payment for salaries expense was incorrectly journalized and posted as a debit to Salaries Expense for 2,500 and a credit to Cash for 2,500. Using the one-step method, how would the entry be corrected? a. Cash2,500 Salaries Expense2,500 b. Salaries Expense250 Cash250 c. Cash2,250 Salaries Expense2,250 d. Salaries Expense2,250 Cash2,250
8-Which of the following errors will affect the Trial balance? a. Omitting Rent account OMR 8,000 and Cash account RO 8,000 b. Electricity paid OMR 2,000: Debit Telephone RO 2,000 and Credit Cash RO 2,000 c. Cash received from Mr. Ahmed OMR 12,500 : Debit Cash OMR 12,500 and Credit Mr. Ahmed OMR 15,200 d. Salary paid OMR 500: Debit Cash OMR 500 and Credit Salary OMR 500
identify which error will cause the trial balance to be out of balance A. a 260 cash salary payment posted as a 260 debit to cash and a 260 credit to salaries expense B. a 160 cash receipt from a customer in payment of her account posted as a 160 debit to cash and a 16 credit to accounts recievable C. a 105 cash receipt from a customer in payment of her account posted as a 105 debit to cash and a 105 credit to cash D. a 68 cash purchase of office supplies posted as a 68 debit to office equipment and a 68 credit to cash E. an 1100 prepayment from a customer for service to be rendered in the future was posted as 1100 debit to unearned revenure and an 1100 credit to cash
Which of the following errors will not affect the Trial balance? a. Wrong totaling of purchase journal OMR 48,000 instead OMR 84,000 b. Cash paid to Mr. Said OMR 7800: Debit Mr. Said OMR 8700 and Credit Cash OMR 7800 c. Omitting Salary account OMR 12,000 and recording Cash account OMR 12,000 d. Omitting Rent account OMR 8,000 and Cash account RO 8,000
In the trial balance below, total debits do not equal total credits. Find and correct the likely error(s) to bring the totals into balance. Debit Credit Cash 158,000 Office Supplies 25,000 Equipment 180,000 Accum. Depreciation—Equipment 44,000 Accounts Payable 47,700 Wages Payable 13,000 W. Shannon, Capital 20,970 W. Shannon, Withdrawals 25,000 Entertainment Revenue 338,000 Rent Expense 26,800 Gas and Oil Expense 3,000 Wage Expense 219,700 Advertising Expense 12,500 Legal Expense 11,400 Totals 636.400 488,670 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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.a. The payment of cash for the purchase of office equipment of $12,900 was debited to Land for $12,900 and credited to Cash for $12,900.b. The payment of $1,840 on account was debited to Accounts Payable for $184 and credited to Cash for $1,840.c. The receipt of cash on account of $3,800 was recorded as a debit to Cash for $8,300 and a credit to Accounts Receivable for $3,800.
The following errors took place in journalizing and posting transactions: a ) A withdrawal of $5,000 by Saleem, owner of the business, was recorded as a debit to Office Expense and a credit to Cash. b) An accounts receivable payment for $7,800 was recorded as a debit to Cash and a credit to Fees Earned. Journalize the entries to correct the errors.
Which of the following errors, each considered individually, would cause the trial balance totals to be unequal? Question 14 options: A payment of $248 to a creditor was posted as a debit of $248 to Accounts Payable and a debit of $248 to Accounts Receivable Cash received from customers on account was posted as a debit of $450 to Cash and a credit of $450 to Accounts Payable. A payment of $79 for supplies was posted as a debit of $97 to Supplies and a credit of $97 to Cash A transaction was not posted.
Which of the following errors would cause a trial balance to have unequal totals? Explain your answers. a.A payment to a creditor was recorded as a debit to Accounts Payable for $129 and as a credit to Cash for $102. b.A payment of $150 to a creditor for an account payable was debited to Accounts Receivable and credited to Cash. c.A purchase of office supplies of $420 was recorded as a debit to Office Supplies for $42 and as a credit to Cash for $42. d.A purchase of equipment for $450 was recorded as a debit to Supplies for $450 and as a credit to Cash for $450.