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eyPLUS Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kiese, Trenholm Irvine Help System Announcements PRINTER VERSION 4 BACK NEXT ENT ES Brief Exercise 3-13

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eyPLUS Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kiese, Trenholm Irvine Help System Announcements PRINTER VERSION 4 BACK NEXT ENT ES Brief Exercise 3-13 Different types of posting errors are identified in the following table. For each error, indicate (a) whether the trial balance will balance, (b) the amount of the difference if the trial balance will not balance, and (c) the trial balance column that will have the larger total. Consider each error separately. Use the following format. (For (c), if the error does not result in a larger column on the trial balance select N/A.) ileyPLUS ents Exercise 3.4 Exercise 3-13 ise 3-7 a-e (Part Submission cise 3-14 a-c (Part Submission slem 3-9A - (Part el Submission (b) In Balance (c) Larger Column Difference $ w Score w Results by Obiective Error 1. A $1,700 debit to Supplies was posted as a $7,100 debit. 2. A $1,100 credit to Cash was posted twice as two credits to Cash 3. A $4,500 debit to Dividends Declared was posted to the Common Shares account. 4. A journal entry debiting Cash and crediting Service Revenue for $2,300 was not posted. 5. The collection of $520 cash on account was posted as a debit of $520 to Cash and a credit of $520 to Accounts Payable. 6. The payment of $1,200 on an account payable owed to the insurance company was posted as a debit to the Insurance Expense account. No credit was posted LINK TO TEXT

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