Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5. Assume that the April 30 transaction for salaries and commissions should have been $19,100. (a) Why did the unadjusted trial balance in (4) balance?

5. Assume that the April 30 transaction for salaries and commissions should have been $19,100. (a) Why did the unadjusted trial balance in (4) balance? (b) Journalize the correcting entry on April 30. Use page 20. (Note: You will not be required to post this entry to the ledger at this time.) General Journal Instructions Question not attempted. DATE DESCRIPTION Poll JOURNAL Score: 0/25 ACCOUNTING POST REF DEBIT CREDIT ASSETS LIABILI 5. Assume that the April 30 transaction for salaries and commissions should have been $19,100. (a) Why did the unadjusted trial balance in (4) balance? A debit balance was entered as a credit balance on the trial balance. The debit equaled the credit in the original entry. (b) Journalize the correcting entry on April 30. Use page The original entry was posted to the ledger two times instead of one. An addition error occurred in the trial balance totals. General Journal Instructions Question not attempted. time.) General Journal Instructions Question not attempted. JOURNAL Score: 0/25 DATE DESCRIPTION POST: REF DEBIT CREDIT 1 PAGE 20 ACCOUNTING EQUATION ASSETS LIABILITIES EQUITY Points: 10/5 Unadjusted Trial Balance Final Questions DATE 1 2 (c) Is this error a transposition or slide? Shaded cell DESCRIPTION POST. REF. Both Slide Feedback Check My Work Transposition Neither 5.(a) Recall that the trial balance complete proof of the accuracy of the ledger

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Learning System Management Accounting Performance Evaluation Edition

Authors: Robert Scarlett

4th Edition

0750684305, 978-0750684309

More Books

Students also viewed these Accounting questions

Question

4. I can tell when team members dont mean what they say.

Answered: 1 week ago