Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can u answer these pls..select any one correct statement for circled statement From the choices proved match the impact of the error to each error

image text in transcribed
image text in transcribed
image text in transcribedcan u answer these pls..select any one correct statement for circled statement
image text in transcribed
image text in transcribed
From the choices proved match the impact of the error to each error scenario given. navigation Finish attempt A $2,250 debit to Prepaid Insurance was posted as a debit to Insurance Expense A $42,000 debit to Machinery was posted as a debit to AP Choose... Choose... Service Revenue is understated by $4,455 Machinery is understatd by $42,000 and AP is understated by $42,000. Owner's Capital account is overstated by $9,900 and the Owner's withdrawals is overstated by $9,900. No effect Cash is overstated by $4,050, Prepaid Insurance is understated by $2,250 and Insurance Expense is understated by $2,250. Rent Expense is overstated by $810 Rent Expense is understated by $810 Store Supplies is understated by $1,440. Owner's Capital account is understated by $9,900 and the Owner's withdrawals is understated by $9,900. Cash is understated by $4,050. Prepaid Insurance is understated by $2,250 and Insurance Expense is overstated by $2,250. Machinery is understatd by $42,000 and AP is overstated by $42,000 Service Revenue is overstated by 54,455 A $1,440 debit to Store Supplies A $42,000 debit to Machinery was posted as a debit to AP Choose... debit to Store Supplies was not posted at all Choose. Service Revenue is understated by $4,455 Machinery is understatd by $42,000 and AP is understated by $42,000. Owner's Capital account is overstated by $9,900 and the Owner's withdrawals is overstated by $9,900. No effect Cash is overstated by 54,050. Prepaid Insurance is understated by $2,250 and insurance Expense is understated by $2,250. Rent Expense is overstated by 5810 Rent Expense is understated by $810 Store Supplies is understated by $1,440. Owner's Capital account is understated by 59,900 and the Owner's withdrawals is understated by 59,900 Cash is understated by $4,050, Prepaid Insurance is understated by $2,250 and Insurance Expense is overstated by $2250 Machinery is understatd by 542,000 and AP is overstated by $42,000 Service Revenue is overstated by $4,455 A $4,950 credit to Service Revenue was posted as a $495 A $42,000 debit to Machinery was posted as a debit to AP Choose... debit to Store Supplies was not posted at all Choose. Service Revenue is understated by $4,455 Machinery is understatd by $42,000 and AP is understated by $42,000. Owner's Capital account is overstated by $9,900 and the Owner's withdrawals is overstated by $9,900. No effect Cash is overstated by 54,050. Prepaid Insurance is understated by $2,250 and insurance Expense is understated by $2,250. Rent Expense is overstated by 5810 Rent Expense is understated by $810 Store Supplies is understated by $1,440. Owner's Capital account is understated by 59,900 and the Owner's withdrawals is understated by 59,900 Cash is understated by $4,050, Prepaid Insurance is understated by $2,250 and Insurance Expense is overstated by $2250 Machinery is understatd by 542,000 and AP is overstated by $42,000 Service Revenue is overstated by $4,455 A $4,950 credit to Service Revenue was posted as a $495 A 64,950 credit to Service Revenue Choose... was posted Choose... as a $495 service Revenue is understated by $4,455 credit. Machinery is understatd by $42,000 and AP is understated by $42,000.. A $2,400 Owner's Capital account is overstated by $9,900 and the Owner's withdrawals is overstated by $9,900. debit to No effect Rent Cash is overstated by $4,050. Expense Prepaid Insurance is understated by $2,250 and Insurance Expense is understated by $2,250. was posted Rent Expense is overstated by $810 as a $1,590 Rent Expense is understated by $810 debit. Store Supplies is understated by $1,440. Owner's Capital account is understated by $9,900 and the Owner's withdrawals is understated by $9,900. A $9,900 Cash is understated by $4,050. debit to the Prepaid Insurance is understated by $2,250 and Insurance Expense is overstated by $2,250. Owenr's Machinery is understatd by $42,000 and AP is overstated by $42,000. withdrawals Service Revenue is overstated by $4,455 account Owner's Capital account is understated by $9,900 and the Owner's withdrawals is und debited to the owner's capital account was credit. Choose... A $2,400 debit to Rent Expense was posted Choose... as a $1,590 Service Revenue is understated by $4,455 debit Machinery is understatd by $42,000 and AP is understated by $42,000... A $9,900 Owner's Capital account is overstated by $9,900 and the Owner's withdrawals is overstated by $9,900 debit to the No effect owenr's Cash is overstated by $4,050. withdrawals Prepaid Insurance is understated by $2,250 and Insurance Expense is understated by $2,250. Rent Expense is overstated by $810 was Rent Expense is understated by $810 debited to Store Supplies is understated by $1,440. the owner's Owner's Capital account is understated by $9,900 and the Owner's withdrawals is understated by $9,900. capital Cash is understated by $4,050, Prepaid Insurance is understated by $2,250 and Insurance Expense is overstated by 52,250. account Machinery is understatd by $42,000 and AP is overstated by $42,000 A $4,050 Service Revenue is overstated by $4,455 credit to Cash was account

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

More Books

Students also viewed these Accounting questions