The first column in Table 10-3 lists transaction amounts that have been summed to obtain a batch
Question:
The first column in Table 10-3 lists transaction amounts that have been summed to obtain a batch total. Assume that all data in the first column are correct. Cases A through D each contain an input error in one record, along with a batch total computed from that set of records.
TABLE 10-3 Data for Problem 10.4 CORRECT TRANSACTIONS CASE A CASE B CASE C CASE D
$3,630.62 $3,630.62 $3,630.62 $3,630.62 $3,630.62 1,484.86 1,484.86 1,484.86 1,484.86 1,484.86 1,723.46 1,723.46 1,723.46 1,723.46 1,723.46 9,233.25 9,233.25 9,233.25 9,233.25 9,233.25 123.45 123.45 123.45 123.45 123.45 7,832.44 7,832.44 1,832.44 7,832.44 7,832.44 2,398.33 2,398.33 2,398.33 2,398.33 2,398.33 3,766.24 3,766.24 3,766.24 3,766.24 3,766.24 4,400.00 4,400.00 4,400.00 −4,400.00 4,400.00 2,833.00 2,833.00 2,833.00 2,833.00 2,833.00 1,978.95 1,987.95 1,978.95 1,978.95 1,978.95 654.32 654.32 654.32 654.32 9,876.23 9,876.23 9,876.23 9,876.23 9,876.23 2,138.10 2,138.10 2,138.10 2,138.10 2,138.10 5,533.99 5,533.99 5,533.99 5,533.99 5,533.99 Batch total $57,607.24 $57,616.24 $51,607.24 $48,807.24 $56,952.92 REQUIRED For each case (a through d), compute the difference between the correct and erroneous batch totals, and explain how this difference could help identify the cause of the error.
Step by Step Answer:
Accounting Information Systems
ISBN: 9781292220086
14th Global Edition
Authors: Marshall B. Romney, Paul John Steinbart