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17) Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1) total assets,
17) Following is a list of errors made during the posting process. Indicate the exact dollar impact each error would have on (1) total assets, (2) total liabilities, and (3) owner's equity. a) A $600 debit to the accounts payable account was posted as a $400 debit. b) A $700 credit to cash was never posted. A $2,000 debit to the withdrawals account was posted as a $2,200 debit. d) A $1,700 credit to the revenue account was debited to the revenue account. e) A $4,000 debit to the land account was debited to an expense account instead. Error Assets Liabilities Owner's Equity a)200 200 b C) e T
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