For each of the following errors, considered individually, indicate whether the error 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 adjustment of $9,800 for accrued fees earned was journalized as a debit to Accounts Receivable for $9,800 and a credit to Fees Earned for $8,900. The adjustment of depreciation of $3,600 was omitted from the end-of-period adjusting entries.
For each of the following errors, considered individually, indicate whether the error 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 adjustment of $9,800 for accrued fees earned was journalized as a debit to Accounts Receivable for $9,800 and a credit to Fees Earned for $8,900. The adjustment of depreciation of $3,600 was omitted from the end-of-period adjusting entries.
Chapter4: The Adjustment Process
Section: Chapter Questions
Problem 6PB: What two accounts are affected by each of these adjustments? A. recorded accrued interest on note...
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Question
For each of the following errors, considered individually, indicate whether the error would cause
the adjusted
totals to be unequal, indicate whether the debit or credit total is higher and by how much.
- The adjustment of $9,800 for accrued fees earned was journalized as a debit to
Accounts Receivable for $9,800 and a credit to Fees Earned for $8,900.
- The adjustment of
depreciation of $3,600 was omitted from the end-of-periodadjusting
entries.
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