Would cause the trial balance totals to be unequal

Assignment Help Accounting Basics

Reference no: EM131527468

Question: Indicate which of the following errors, each considered individually, would cause the trial balance totals to be unequal:

a. A payment of $7,000 for equipment purchased was posted as a debit of $700 to Equipment and a credit of $700 to Cash.

b. Payment of a cash dividend of $12,000 was journalized and posted as a debit of $21,000 to Salary Expense and a credit of $12,000 to Cash.

c. A fee of $1,850 earned and due from a client was not debited to Accounts Receivable or credited to a revenue account, because the cash had not been received.

d. A payment of $1,475 to a creditor was posted as a debit of $1,475 to Accounts Payable and a debit of $1,475 to Cash.

e. A receipt of $325 from an account receivable was journalized and posted as a debit of $325 to Cash and a credit of $325 to Fees Earned.

Reference no: EM131527468

Questions Cloud

Prepare the adjusting entries for edsel realty : On January 31, the end of the current year, the following data were accumulated to assist the accountant in preparing the adjusting entries for Edsel Realty.

Find the name of a famous inventor : Question: Find the name of a famous inventor who claims to have achieved wireless transmission quite some time ago.

How do you protect your digital life : How do you protect your digital life? What steps have you taken to reduce your risk of identity theft, being scammed, or even cyber bullied?

What is your expected one-year holding-period return : What is the intrinsic value of a share of Xyrong stock? What is your expected one-year holding-period return on Xyrong stock?

Would cause the trial balance totals to be unequal : A payment of $7,000 for equipment purchased was posted as a debit of $700 to Equipment and a credit of $700 to Cash.

Research paper on the nature of prejudice : It is an introduction to a research paper on one of the three central course topics: the nature of prejudice; income inequality; international conflict

Define what is meant by cost-control : Define what is meant by cost-control. List at least 3 web resources with information about cost-control methods. Give reasons why you chose those websites.

What price do you expect mf shares to sell for in three year : What price do you expect MF shares to sell for in three years?

Detail one technique used to fool victims : Explain in detail one technique used to fool victims. Is it possible that a computer crime could happen? If so, explain.

User Account

All Pages