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Effect of Errors on Adjusted Trial Balance For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance
Effect of Errors on Adjusted Trial Balance For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much. a. The adjustment for accrued wages of $5,930 was journalized as a debit to Wages Expense for $5,930 and a credit to Accounts Payable for $5,930. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. b. The entry for $7,210 of supplies used during the period was journalized as a debit to Supplies Expense of $7,210 and a credit to Supplies of $7,120. Enter the difference between the debit and credit totals. If the totals are equal, enter a zero. Feedback Check My Work a. Recall that the trial balance does not provide complete proof of the accuracy of the ledger, but indicates only that debits equal credits. Were the correct amounts recorded? If not, what is the difference and on which side of the T-account is it higher? b. Recall that the trial balance does not provide complete proof of the accuracy of the ledger, but indicates only that debits equal credits. Though the transaction may have been handled incorrectly, did the omission cause the debit and credit column totals to be unequal? Learning Objective 6
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