Short Answer
Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1)total revenue, (2)total expenses, and (3)net income.
a)A $600 debit to salary expense was posted as a $600 credit to salary expense.
b)A $700 credit to service revenue was never posted.
c)A $2,000 debit to the withdrawals account was posted as a $2,000 debit to utilities expense.
d)A $1,500 credit to the revenue account was debited to the revenue account.
e)A $30,000 debit to the land account was debited to an expense account instead.
Correct Answer:

Verified
Correct Answer:
Verified
Q136: When posting transactions, debits must always equal
Q137: At the end of a month,
Q138: Journalize the following transactions for Benjies's Repair
Q139: A journal is like a diary; it
Q140: Transactions are first recorded in a(n):<br>A)trial balance.<br>B)journal.<br>C)account.<br>D)ledger.
Q142: Which of the following most completely describes
Q143: Which of the following statements is true?<br>A)A
Q144: A chronological record of an entity's transactions
Q145: The payment of an amount owed to
Q146: A trial balance contains:<br>A)a list of all