Answered step by step
Verified Expert Solution
Question
1 Approved Answer
LAB 2 - 5 OF 5 HI CHEGG I AM ALMOST DONE WITH QUESTION NUMBER 5 BUT I DONT KNOW WHERE I PUT WITH THE
LAB 2 - 5 OF 5
HI CHEGG I AM ALMOST DONE WITH QUESTION NUMBER 5 BUT I DONT KNOW WHERE I PUT WITH THE
LETTER D. QUESTION IS WHICH ACCOUNT OR ACCOUNTS HAVE AN INCORRECT BALANCE ?
ONE OF YOUR TEAM ANSWER BUT I GOT MISTAKE. CAN YOU PLEASE ANSWER IT AGAIN CORRECTLY. THANK YOU
HERE ARE THE STEP BY STEP THAT I ANSWER FOR YOUR REFERENCE
QUESTION :
A)
B)
C.
D. PLEASE ANSWER THIS LETTER (D)
Your answer is correct. What is the amount of the error if the trial balance will not balance? (Do not leave any answer field blank. Enter 0 for amounts.) Your answer is correct. Which trial balance column will have the larger total? (Select "None" if nothing applies to the larger column.) The accountant for Carla Vista Guitar Repair Company made a number of errors in journalizing and posting, as described below: 1. A credit posting of $300 to Accounts Payable was omitted. 2. A debit posting of $765 for Rent Expense was debited to Prepaid Rent. 3. A collection on account of $140 was journalized and posted as a $140 debit to Cash and a $140 credit to Service Revenue. 4. A credit posting of $405 to Accounts Payable was made twice. 5. A cash purchase of supplies for $240 was journalized and posted as a $24 debit to Supplies and a $24 credit to Cash. 6. A debit of $486 to Advertising Expense was posted as $468. 7. A journal entry for the payment of $1,250 of salaries expense was posted twice. Considering each error separately, answer the following. Your answer is correct. Will the trial balance be in balanceStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started