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12. The following general journal contains a number of errors. PAGE 27 CREDIT PR DERE GENERAL JOURNAL DATE PARTICULARS 20- Oct 1 Cash W. Wakelin,
12. The following general journal contains a number of errors. PAGE 27 CREDIT PR DERE GENERAL JOURNAL DATE PARTICULARS 20- Oct 1 Cash W. Wakelin, Capital Owner investment in business. 100 000 100000 5 25 00 5 25 00 2 Cash Sales Sold merchandise on account and mailed invoice 3 11 000 Accounts Payable Office Supplies Purchased supplies on account. 1 1000 5 3 00 3 Telephone Expense Cash Paid phone bill. 5 3 00 25 000 4 W. Wakelin, Drawings Cash 250 00 8900 5 Accounts Receivable Cash Received $89 on account. 9800 75 00 6 Advertising Expense Cash Paid for advertising 75 00 (a) List the errors. (b) What effect, if any, would each error have on the trial balance totals and account balances? (c) When would the error made on October 2 be discovered? (d) When would the error made on October 5 be discovered
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