Essay
Given each of the following errors,indicate on the table below the amount by which the trial balance will be out of balance and which trial balance column (debit or credit)will have the larger total as a result of the error.
a.$100 debit to Cash was debited to the Cash account twice.
b.$1,900 credit to Sales was posted as a $190 credit.
c.$5,000 debit to Office Equipment was debited to Office Supplies.
d.$625 debit to Prepaid Insurance was posted as a $62.50 debit.
e.$520 credit to Accounts Payable was not posted.
Correct Answer:

Verified
\[\begin{array} { lcc }
& \text { Amoun...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
& \text { Amoun...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q3: Debit means increase and credit means decrease
Q47: The dividends account normally has a debit
Q81: Match the term with its definition.(There are
Q87: If cash is received from customers in
Q98: On a trial balance,if the Debit and
Q103: An account used to record stockholders' investments
Q117: When a company provides services for which
Q189: Match the following terms with the appropriate
Q191: Given the following errors,identify the one by
Q196: For each of the following accounts,identify