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Following Is a List of Errors Made During the Posting

Question 102

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Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1)total assets, (2)total liabilities, and (3)owner's equity.
a)A $100 debit to the accounts payable account was posted as a $400 debit.
b)A $500 debit to withdrawals was never posted.
c)A $2,000 debit to the land account was posted as a $2,200 debit.
d)A $1,700 credit to the revenue account was credited to an expense account.
e)A $4,000 debit to an expense account was debited to land account instead.  Error  Assets  Liabilities  Owner’s Equity  a)  b)  c)  d)  e) \begin{array} { | l | l | l | l | } \hline \text { Error } & \text { Assets } & \text { Liabilities } & \text { Owner's Equity } \\\hline \text { a) } & & & \\\hline \text { b) } & & & \\\hline \text { c) } & & & \\\hline \text { d) } & & & \\\hline \text { e) } & & & \\\hline\end{array}

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