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.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
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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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.

  1. 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.

  1. The adjustment of depreciation of $3,600 was omitted from the end-of-period adjusting

entries.

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