Which of the following statements will not result in the trial balance being unequal?
Q: Which of the following errors would not prove the quality of the trial balance debits and credits?…
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Q: the following errors, each considered individually, would cause the trial balance totals to be…
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A: Solution: The effect of this journalization in the trial balance is "it require correction in…
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A: To Indicate: Whether each of the following error would cause the trial balance totals to be unequal,…
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Q: Exercise 1- Errors Not Revealed by Trial Balance State which type of error each of the following…
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Q: The following errors took place in journalizing and posting transactions:a. The receipt of $8,400…
A: a. Journalize the correcting entry to correct the error of the payment from a customer on account.
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A: Indicate the errors that requires a correcting entry.
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A: Adjusted Trial Balance Adjusted trial balance is a trial balance prepared at the end of a…
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A: Answer 1)
Q: For each of the following errors, considered individually, indicate whether the error would cause…
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A: Bartleby policy: As per Bartleby policy if there are more than one question then we are allowed to…
Q: Effect of errors on trial balanceThe following errors occurred in posting from a two-column…
A: Trial balance is the summary of all general ledger account balances of the business.
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A: Trial Balance: Trial balance is a statement in which closing balance of all ledger accounts are…
Q: For each of the following errors, considered individually, indicate whether the error would cause…
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Q: Which of the following errors, each considered individually, would cause the trial balance totals to…
A: If any transaction impacted both debit and credit in the same way then the trial balance remains…
Q: For each of the following errors, considered individually, indicate whether the error would cause…
A: A)The total debit and credit amounts are unequal, the debits total is higher by $900 ($5,400 -…
Q: An entity’s unadjusted trial balance does not equal. The following information was determined: • The…
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Q: A trial balance has total debits of $20,000 and total credits of $24,500. Which one of the following…
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Q: Ajournal entry for a $220 payment to purchase office supplies was erroneously recorded as a debit to…
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- Analyze Trusty Companys trial balance and the additional information provided to determine the following: A. what is causing the trial balance to be out of balance B. any other errors that require corrections that are identified during your analysis C. the effect (if any) that correcting the errors will have on the accounting equation A review of transactions revealed the following facts: A service fee of $18,000 was earned (but not yet collected) by the end of the period but was accidentally not recorded as revenue at that time. A transposition error occurred when transferring the account balances from the ledger to the trial balance. Salaries expense should have been listed on the trial balance as $64,500 but was inadvertently recorded as $46,500. Two machines that cost $9,000 each were purchased on account but were not recorded in company accounting records.Which of the following errors does NOT prove the equality of the trial balance debit and credits? a) A Miscellaneous expense for the transportation was omitted. b) A debit entry of P11,000 for rent was posted as P10,100 c) A payment for utilities was recorded twice. d) A debit to Supplies was recorded as debit to Equipment.Which of the following errors, each considered individually, would cause the trial balance totals to be unequal? A payment of $481 to a creditor was posted as a debit of $4,819 to Accounts Payable and a credit of $481 to Cash. A transaction was not posted. Cash received from customers on account was posted as a debit of $163 to Cash and a credit of $163 to Accounts Payable. A payment of $90 for insurance was posted as a debit of $40 to Prepaid Insurance and a credit of $40 to Cash.
- Which of the following errors, each considered individually, would cause the trial balance totals to be unequal? A transaction was not posted. A payment of $543 to a creditor was posted as a debit of $5,431 to Accounts Payable and a credit of $543 to Cash. Cash received from customers on account was posted as a debit of $145 to Cash and a credit of $145 to Accounts Payable. A payment of $142 for insurance was posted as a debit of $92 to Prepaid Insurance and a credit of $92 to Cash.A trial balance has total debits of $20,000 and total credits of $24,500. Which one of the following errors would create this imbalance? Explain. a. A $2,250 debit to Utilities Expense in a journal entry was incorrectly posted to the ledger as a $2,250 credit, leaving the Utilities Expense account with a $3,000 debit balance. b. A $4,500 debit to Salaries Expense in a journal entry was incorrectly posted to the ledger as a $4,500 credit, leaving the Salaries Expense account with a $750 debit balance. c. A $2,250 credit to Consulting Fees Earned (Revenues) in a journal entry was incorrectly posted to the ledger as a $2,250 debit, leaving the Consulting Fees Earned account with a $6,300 credit balance. d. A $2,250 debit posting to Accounts Receivable was posted mistakenly to Land. e. A $4,500 debit posting to Equipment was posted mistakenly to Cash. f. An entry debiting Cash and crediting Accounts Payable for $4,500 was mistakenly not posted.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.
- 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.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 $450.9. Which of the following errors would not prove the quality of the trial balance debits and credits? A. A miscellaneous expense for transportation was omitted B. A debit to supplies was recorded as debit to equipment C. A debit entry of 11,000 for rent was posted as 10,100 D. A payment for utilities was recorded twice
- The following errors were detected: The cash balance is overstated by $5,000. Rent expense of $340 was erroneously posted as a credit rather than a debit. A $6,800 credit to Service revenue was not posted. A $400 debit to Accounts receivable was posted as $40. The balance of Utilities expense is understated by $70. A $900 purchase of supplies on account was neither journalized nor posted. Equipment should be $16,490. Requirement Prepare the corrected trial balance on February 29, 2020. JOURNAL ENTRIES ARE NOT REQUIRED. Prepare the company's financial statements for the month of February 2020. (Income statement, Statement of Owner’s Equity and the Balance Sheet)The following errors took place in journalizing and posting transactions:a. The receipt of $8,400 for services rendered was recorded as a debit to Accounts Receivable and a credit to Fees Earned.b. The purchase of supplies of $2,500 on account was recorded as a debit to Office Equipment and a credit to Supplies.Journalize the entries to correct the errors. Omit explanations.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.
