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- 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.9-Which of the following errors will not affect the Trial balance? a. Omitting Salary account OMR 12,000 and recording Cash account OMR 12,000 b. Cash paid to Mr. Said OMR 7800: Debit Mr. Said OMR 8700 and Credit Cash OMR 7800 c. Omitting Rent account OMR 8,000 and Cash account RO 8,000 d. Wrong totaling of purchase journal OMR 48,000 instead OMR 84,000Which 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 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 8,000identify 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 cash4-After preparing the trial balance, the accountant finds that the total of debit side is OMR 125,600 and Total of Credit Side OMR 126,500. This difference should be treated before rectification of errors was a. Debit Suspense account OMR 125,600 and Credit Trial Balance OMR 126,500 b. Debit Suspense account with OMR 900 c. Suspense account should be cancelled with OMR 1800 d. Credit Suspense account with OMR 900
- 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.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.29) During the month of April 2018, the business paid cash of RO 15,500 to John mart, but it is wrongly debited to the account of Jack mart. As an accountant, what is the rectified entry would you write to correct this error? a. Jack mart RO 15,500 Dr / John mart RO 15,500 Cr b. John mart RO15,500 Dr / Jack mart RO 15,500 Cr c. Jack mart RO 15,500 Dr / Account payable RO 15,500 Cr d. John mart RO 15,500 Dr / Account payable RO 15,500 Cr
- number 2 The following errors occurred in posting from a two-column journal: A credit of $4,960 to Accounts Payable was not posted. An entry debiting Accounts Receivable and crediting Fees Earned for $17,100 was not posted. A debit of $1,280 to Accounts Payable was posted as a credit. A debit of $2,220 to Supplies was posted twice. A debit of $1,160 to Cash was posted to Miscellaneous Expense. A credit of $160 to Cash was posted as $610. A debit of $1,420 to Wages Expense was posted as $1,240. Considering each case individually (i.e., assuming that no other errors had occurred), indicate: by "yes" or "no" whether the trial balance would be out of balance; if the answer is "yes," the amount by which the trial balance totals would differ; and whether the Debit or Credit column of the trial balance would have the larger total. If "no", enter "0" in the difference column and select "neither" from the drop box under "Larger Total". Enter all amounts as positive numbers. Answers should be…Case1. The trial balance of Jane Company shown below does not balance. JANE COMPANY Trial Balance June 30, 20X8 Debit Credit Cash P2,600 Accounts Receivable 7,600 Supplies 600 Equipment 8,300 Accounts Payable P9,766 Jane, Capital 1,952 Jane, Drawing 1,500 Service Revenue 15,200 Wages Expense 3,800 Repairs Expense 1,600 Total P26,000 P26,918 The following errors were revealed upon examination of the ledger and journal: Each of the above listed accounts has a normal balance per the general Cash of P360 received from a customer on account was debited to Cash P630 and credited to Accounts Receivable A withdrawal of P300 by the owner was posted as a credit to Jane, Drawing, P300 and credited to Cash P300. A debit of P300 was not posted to Wages The purchase of equipment on account for P700 was recorded as a debit to Repair Expense and a credit to Accounts…The trial balance will be out of balance if: O P1,000 cash drawing by the owner is debited to Owners Drawing for P10,000 and credited to Cash for P1,000. O The purchase of supplies on account is debited to Supplies and credited to Cash. A P4,500 payment on account is debited to Accounts Payable for P450 and credited to Cash for P450. O A correct journal entry is posted twice. please provide an explanation